Australia passes law to tax Google, Meta and Microsoft if they do not pay for local news
Australia has formally enacted new legislation that requires major technology corporations to pay substantial levies if they do not negotiate commercial compensation agreements with domestic news publishers for distributing their journalism. According to a report by news agency Reuters, the law is titled News Bargaining Incentive, and imposes a 2.5% tax on local advertising earnings unless qualifying platforms enter into direct content partnerships with Australian media organisations.
Funding local media and journalism in Australia
