Meta, Google, TikTok Face New Australian Tax Over News Revenue

Image for article Meta, Google, TikTok Face New Australian Tax Over News Revenue
News Source : Variety

News Summary

  • Australia has unveiled plans to implement a targeted tax on major digital platforms that don’t share revenue with news organizations
  • The measure, set to take effect Jan
  • 1, will impact tech companies earning over AU$250 million ($159 million) annually in Australia
  • It follows Meta’s recent decision to discontinue its three-year payment agreements with Australian news publishers
Australia has unveiled plans to implement a targeted tax on major digital platforms that dont share revenue with news organizations, marking its latest move to regulate tech companies relationships [+1715 chars]

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