Australia to charge big tech companies 2% levy unless they strike local news deals
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SYDNEY, Australia – The Australian government said on Tuesday, April 28, 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% on their local revenues unless they struck agreements, with the proceeds to be directed to news companies to boost Australian journalism.
“People are increasing
A proposed News Bargaining Incentive would tax the three big tech companies 2.25% on their local revenues unless they struck agreements, with the proceeds to be directed to news companies to boost Australian journalism.
“People are increasing
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