Australia moves to tax Meta, Google and TikTok to fund newsrooms
Australia has proposed taxing digital giants Meta, Google and TikTok a proportion of their revenue to pay for news reporters.
The government released draft legislation Tuesday it intends to introduce to Parliament by July 2 that would create a financial incentive for the social media companies to strike deals with news organisations to pay for journalism.
The platforms’ criticisms included that the proposal was a “digital services tax” that misunderstood the evolving advertising industry and would fail to deliver a sustainable news sector.
