Australia introduces tax on tech companies that refuse to fund local journalism
New Australian laws now mandate that big tech firms pay a fee if they do not secure commercial agreements with domestic media organizations. Under the News Bargaining Incentive, these companies face a 2.5% tax on their ad earnings, which will be distributed to local news providers. Platforms including LinkedIn, TikTok, Google, and Meta can bypass this charge by finalizing deals with a minimum of eight news publishers.
by shortkt.com✓