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Australia moves to tax Meta, Google and TikTok to fund newsrooms
The plan would channel levy revenue to newsrooms and give offsets to platforms that strike commercial deals with publishers.
- 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.
148 Articles
148 Articles
Australia to require Google, Meta, TikTok to pay for local news — or face new tax
Australia’s government announced draft legislation on Tuesday that would require Meta, Google and TikTok to pay local news outlets for use of their articles – or face a significant tax.
Australia has presented a draft law to tax technology giants such as Meta, Google and TikTok, assigning part of the booty to the newspapers. To escape the tribute, the giants would remain one way: to make agreements with the publishers to reward the content. It is not a mystery like the journalistic companies, all over the world, suffer from the decrease of readers, often more attracted by the information on social networks. Therefore Australia …
The U.S. Must Stop Australia’s Discriminatory News Tax - Americans for Tax Reform
Australia’s progressive federal government threatened U.S. tech firms with a 2.25% tax on revenue if they do not voluntarily give up 1.5% of their Australian-sourced revenue to local news networks in perpetuity. The government announced it would submit the proposal to Parliament by July 2 for approval, where it will likely receive a warm welcome, given the Labour majority in both the Senate and House of Representatives. If approved, the law woul…
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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