Australia moves to tax Meta, Google and TikTok to fund newsrooms
The plan would let platforms cut the levy by striking deals, with proceeds directed to newsrooms based on journalist headcounts, officials said.
- On Tuesday, Prime Minister Anthony Albanese released draft legislation requiring tech giants Meta, Google, and TikTok to strike commercial deals with Australian news publishers or face a 2.25 per cent revenue levy.
- Following Meta's 2024 decision to abandon commercial agreements, the government designed the News Bargaining Incentive to prevent platforms from stripping news content to bypass payment obligations.
- The scheme targets platforms earning over $250 million in Australian revenue, with the 2.25 per cent charge reducible to an effective 1.5 per cent through commercial deals with publishers.
- Dismissing the Trump administration's objections on Tuesday, Albanese argued the legislation ensures journalism revenue is not "taken by a large multinational corporation" and instead supports local news sustainability.
- Labor expects to introduce the bill during the winter sitting period, with feedback open until May 18 and major Australian media groups voicing support for the legislation.
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Australia Proposes 2.25% Tax on Meta, Google, TikTok Under News Bargaining Incentive to Support Journalism | 🌎 LatestLY
The Australian government has unveiled draft legislation to impose a 2.25% revenue tax on digital giants Meta, Google, and TikTok if they fail to reach commercial agreements with local news publishers. 🌎 Australia Proposes 2.25% Tax on Meta, Google, TikTok Under News Bargaining Incentive to Support Journalism.
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Australia forces Big Tech firms to pay for news or face a 2.25% tax
The more deals platforms make with media outlets, the less they pay. If enough agreements go through, that effective rate drops to 1.5%, which could generate between A$200 million and A$250 million back into Australian journalism.
Australian Prime Minister Anthony Albanese introduced this Tuesday, April 28, a new bill that aims to force Meta, Google and TikTok to enter into trade agreements with the Australian media in order to pay them better, under the penalty of having to pay compensation. The tech giants, for their part, denounce a "digital services tax".
Australia Plans Big Tech Tax to Fund Local News
Australia says big tech companies have a choice: pay news outlets or pay the taxman. Prime Minister Anthony Albanese has unveiled draft legislation that would slap a 2.25% levy on Australian revenue from major digital platforms—currently Google, Meta and TikTok—unless they strike fresh deals to pay local...
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