Google's chief economist Dr Hal Varian is of the opinion that his employer should not pay "excessive" tax on its Australian revenue because this money is derived due to its "intellectual capital" which mostly resides in California.
The European Commission, the executive arm of the European Union, has said it will drop a case against Ireland, filed in the wake of its imposition of a back-taxes bill of €13.1 billion (US$17.6 billion) on Apple two years ago, after the Cupertino-based company paid its dues.
The European Union's anti-trust regulators have set 19 October as the date on which they will approve Microsoft's acquisition of the source code repository GitHub for US$7.5 billion (A$9.79 billion) in Microsoft stock.
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