business / news / / Times of India
Australia has proposed taxing digital giants Meta, Google and TikTok a proportion of their revenue to pay news reporters.
Australia plans a 2.25% tax on digital giants' Australian revenue if they avoid news deals.
KEY POINTS
- The proposed News Bargaining Incentive targets Meta, Google, and TikTok that refuse journalism payments.
- Revenue from the tax would be distributed based on the number of journalists each news organisation employs.
- Government expects the tax to raise between 200 to 250 million Australian dollars annually.
COMPANIES
Summarized by Newsio from Times of India. How we summarize →