April 28, 2026 11:53 AM
Australia to charge Big Tech companies 2% levy unless they strike local news deals
The Australian government said on Tuesday that Meta, Alphabet's Google and TikTok could face multimillion-dollar charges if they did not negotiate deals to pay local media outlets for news on their platforms. A proposed News Bargaining Incentive would tax the three big tech companies 2.25% on their local revenues unless they struck agreements, with the proceeds to be directed to news companies to boost Australian journalism. "People are increasingly getting their news directly from Facebook, f...