The Australian government has said 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 per cent on their local revenues unless they struck agreements, with the proceeds to be directed to news companies to boost Australian journalism.
“People are increasingly …
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Already a member? Log in here
Do you know more? Contact James Riley via Email.