Threatens to tax Google, Facebook, TikTok if they refuse to strike deals with local media

SYDNEY (Dec 12): Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media. Traditional media companies the world over are in a battle for survival as precious advertising dollars are hoovered up online.Read More

Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media.

Australia's center-left government said on Thursday it planned new rules that would charge big tech firms millions of dollars if they did not pay Australian media companies for news hosted on their platforms. The move piles pressure on global tech giants such as Facebook-owner Meta Platforms and Alphabet's Google to…

Rule to affect tech firms with local revenue over $160 million

SYDNEY: The Australian government is working on measures to make big tech firms pay media companies for news content on their platforms.The News Bargaining Initiative will create a financial...

Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media. Australia wants big tech companies to compensate local publishers for sharing news links that drive traffic to their platforms, an idea they have baulked at in the past.