iTWire

The Federal Government has an excellent chance to do itself a favour and also gain some good karma by taking onboard a suggestion by the Treasury to tax big multinational technology companies based on their revenue. It would help the budget bottom line and represent some actual policy for a change.

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.

Facebook and Google appear to be using the hysteria in the US over alleged Russian interference in the 2016 presidential elections — yes, its still going on — to block access to alternative, smaller media sites and videos.