In 2012, Apple paid approximately $6bn in US Corporate Tax on a reported US pretax income of $19bn. This in the words of Apple CEO, Tim Cook, at a Senate subcommittee in Taxes, 30.5% or around 2.5% of the total Corporate Tax revenue raised in the US.
Tesla has received approval to acquire solar panel company SolarCity for $2.6bn, in a move which comes at a financial crossroads for a solar industry, which is facing the prospect of an oversupply of solar panels.
British science and engineering firm, Qinetiq has announced that the US Defense Advanced Research Projects Agency (DARPA) is to invest more than £2m in its electric hub-drive technology, bringing a new era of vehicle design a step closer.
Renishaw is contributing its additive manufacturing expertise to a new £17.7m project to develop an innovative way of designing and manufacturing aircraft wings, which will encourage a “right first time approach” and reduce development time.