US EditionAustralia Aims to Tax Tech Giants Unless They Pay News Outlets
- 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.
52 Articles
52 Articles
Channel News Asia
Business TimesAustralia to charge Big Tech companies 2% levy unless they strike local news deals
SYDNEY, April 28 : The Australian government said on Tuesday that Meta, Alphabet's Google and TikTok could face multimillion-dollar charges if they did not negotiate deals to pay local media outlets for news on their platforms.A proposed News Bargaining Incentive would tax the three big tech companies 2.25 pe
Winnipeg Free Press
Australia moves to tax Meta, Google and TikTok to fund newsrooms
Breaking News, Sports, Manitoba, Canada
On Tuesday, the Australian government is introducing a bill to introduce heavier sanctions against giants in the Meta, Google and TikTok technology sector in order to force them to enter into agreements with local media to pay for them.
The Korea Times
Australia aims to tax tech giants unless they pay news outlets
SYDNEY - Australia unveiled draft laws on Tuesday that would tax tech giants Meta, Google and TikTok unless they voluntarily strike deals to pay local outlets for news. Traditional media companies around the world are in a battle for survival as readers increasingly consume their news on social media. Australia wants big tech companies to compensate local publishers for sharing articles that drive traffic on their platforms. Prime Minister Antho…
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