multi source·8h ago·5 sources analyzed
Australia proposes levy for tech companies to support local news
The Australian government has introduced draft legislation targeting major tech companies. The plan aims to ensure these companies compensate local news outlets for their content. (sources: abc, reuters, france24, theguardian)
Image: abc
ModernAction Briefing
The Australian government has proposed a 2.25% levy on major tech companies like Meta, Google, and TikTok unless they negotiate payment agreements with local news publishers. This initiative seeks to bolster local journalism and address the financial challenges faced by media outlets.
- The proposed levy is 2.25% of the Australian revenue of the tech companies.
- Meta has criticized the plan as a 'government-mandated transfer of wealth'.
- The legislation aims to support struggling media outlets in Australia.
Why it matters
This initiative reflects ongoing efforts to regulate the influence of large tech companies on local media markets.
No specific legislation identified for action yet.
Top coverage · 5 sources
abcBig tech hits back at Labor's news payment planreutersAustralia to charge Big Tech companies 2% levy unless they strike local news dealsfrance24Australia targets tech giants with levy unless they pay for local newstheguardianGoogle, Meta and TikTok face new levy to pay for Australian news as Albanese reveals media plan