business / news / / Firstpost
Australia is attempting to redraw the rules of engagement between technology platforms and journalism.
Australia proposes a 2.25% local revenue levy on tech giants like Google, Meta, and TikTok.
KEY POINTS
- Tech platforms can avoid the levy by striking new commercial deals with Australian news publishers.
- Offsets of up to 170% are offered for deals benefiting smaller publishers under the proposed scheme.
- AI platforms like OpenAI are excluded from this policy, with separate regulation still under review.
- The scheme targets companies with over $250 million annual Australian revenue and significant user bases.
COMPANIES
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