News Summary

• Australia says big tech companies have a choice: pay news outlets or pay the taxman.
• Prime Minister Anthony Albanese has unveiled draft legislation that would slap a 2.25% levy on Australian revenue from major digital platforms.
• Under the "news bargaining incentive" plan, tech companies will be rewarded for making deals with outlets, especially smaller ones, receiving offsets of up to 170% of the levy.
• If platforms refuse, the government would collect the levy and distribute funds based on newsroom staffing levels.