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The Global Automotive Collision Repair Market is expected to grow from USD 145,821.02 Million...
New York, July 15, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Automotive Collision Repair Market Research Report by Vehicle Type, by Product, by Distribution - Global Forecast to 2025 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p05913361/?utm_source=GNWOn the basis of Vehicle Type, the Automotive Collision Repair Market is studied across Heavy-Duty Vehicles and Light-Duty vehicles.On the basis of Product, the Automotive Collision Repair Market is studied across Consumables, Paints & Coatings, and Spare Parts.On the basis of Distribution, the Automotive Collision Repair Market is studied across DIFM, DIY, and OE.On the basis of Geography, the Automotive Collision Repair Market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region is studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region is studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region is studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.Company Usability Profiles:The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Automotive Collision Repair Market including Automotive Technology Products LLC, Continental AG,
Apple wins tax battle with EU as court annuls 2016 order to pay $15...
The Apple Inc. logo is displayed at the company's store in the Omotesando district of Tokyo, Japan, on Wednesday, June 3, 2020.
Bloomberg
Apple won a court case Wednesday against the European Commission over a dispute concerning 13 billion euros ($14.9 billion) in Irish taxes.
In a highly-anticipated landmark decision, the EU's general court decided that the European Commission did not succeed in proving that there was an advantage given by the Irish government to the U.S. tech giant.
The Commission, the executive arm of the EU, had concluded in August 2016 that the Irish government granted illegal benefits to Apple and ordered it to recover 13 billion euros in unpaid taxes.
At the time, the Commission said that Ireland had enabled Apple to pay "substantially less tax than other businesses over many years," which meant that the U.S. firm was allowed to pay an effective corporate tax rate of 1% on its European profits in 2003, which fell to 0.005% in 2014.
The Irish government and Apple decided to appeal the Commission's decision, with the latter arguing the order to repay taxes "defies reality and common sense."
Ireland, Apple and the European Commission now have two months to decide if they want to appeal the latest court ruling and potentially take it to the EU's highest tribunal.
In reaction to the court ruling, the Irish government said Wednesday that it has always been clear "that there was no special treatment provided to the two Apple companies" and that "the correct amount of Irish tax was charged taxation in line with normal Irish taxation rules."
The European Commission said in a statement that it "will continue to look at aggressive tax planning measures under EU State aid rules to assess whether they result in illegal State aid." It added that it "will carefully study the judgment and reflect on possible next steps."
A spokesperson for Apple told CNBC: "We thank the General Court for their time and consideration of the facts. We are pleased they have annulled the Commission's case." Apple shares were up around 1.2% in pre-market trade on the news.
Why it matters?
This case, involving a giant U.S. tech firm, is particularly important and a centerpiece of the EU's crackdown on taxation in recent years. It could impact how the Brussels institution deals with other companies over taxation matters.
Taxation is taking an even more prominent role in the wake of the Covid-19 crisis. With many governments stepping up their spending, they will be looking for new sources of revenue in the form of taxation.
In this context, there's an ongoing debate as to whether the European Union should have its own digital tax — a levy on big tech giants to ensure they pay a fairer share compared to more traditional businesses.
Arancha González, minister of foreign affairs for Spain, told CNBC's "Squawk Box Wednesday": "Whether the companies are American, whether they are Chinese, Japanese, Korean or European, this is about fairness of taxation systems."
Plans by some European nations, including Spain, to tax the technology behemoths more have met opposition from the United States, which argues the levy is discriminatory toward its domestic firms.
"What we are saying is that fairness requires every economic activity, whether the economic activity is provided analogically or digitally to contribute with their fair share of taxes," the Spanish minister added.
Good news on Oxford University, AstraZeneca's coronavirus vaccine could come on Thursday
LONDON (REUTERS) - Positive news on initial trials of the University of Oxford's potential Covid-19 vaccine that has been licensed to AstraZeneca could be announced as soon as Thursday (July 16), ITV's political editor Robert Peston said, citing a source.
The project has started Phase III of the human trials to assess how the vaccine works in a large number of people over the age of 18, but has yet to report Phase I trial results.
The developers of the vaccine earlier this month said they are encouraged by the immune response they have seen in trials so far.
"I am hearing there will be positive news soon (perhaps tomorrow) on initial trials of the Oxford Covid-19 vaccine that is backed by AstraZeneca," Mr Peston said in a blog post on Wednesday.
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The Global Automotive Cyber Security Market is expected to grow from USD 2,236.30 Million...
New York, July 15, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Automotive Cyber Security Market Research Report by Security, by Form, by Vehicle, by Electric Vehicle, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p05913367/?utm_source=GNWOn the basis of Security, the Automotive Cyber Security Market is studied across Application Security, Endpoint Security, and Wireless Network Security.On the basis of Form, the Automotive Cyber Security Market is studied across External Cloud Services and In-Vehicle.On the basis of Vehicle, the Automotive Cyber Security Market is studied across Commercial Vehicle and Passenger Car.On the basis of Electric Vehicle, the Automotive Cyber Security Market is studied across Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-In Hybrid Electric Vehicle.On the basis of Application, the Automotive Cyber Security Market is studied across ADAS & Safety System, Body Control & Comfort System, Communication System, Infotainment System, Powertrain System, and Telematics System.On the basis of Geography, the Automotive Cyber Security Market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region is studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region is studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea,
