business / news / / The Manila Times
Australia wants big tech companies to compensate local publishers for sharing articles.
Australia's draft law would tax Meta, Google, and TikTok 2.25% of Australian revenue if no deals.
KEY POINTS
- The law closes a loophole that let platforms avoid levies by simply removing news content.
- Google is currently the only tech company with commercial news arrangements with 90+ Australian publishers.
- Exclusions from the law include platforms like Microsoft, Snapchat, and OpenAI, raising fairness concerns.
- Public consultation on the draft laws ends in May, with parliamentary introduction planned for later 2024.
COMPANIES
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