Meta accuses Australia of breaching Free Trade Agreement, invokes US ‘trade action’
Meta accused Australia of violating a free trade agreement with the US by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade.
The $1.6 trillion Facebook and Instagram owner said a proposal to tax platforms 2.25% of all Australian revenue – including revenue unrelated to social media – was “indefensible” and went further than actions which had prompted a response by the US government.
