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The federal government unveiled its long-awaited proposal to make tech giants pay for Australian journalism.Under the draft laws, the News Bargaining Incentive would tax Meta, Google and TikTok 2.25% of their Australian revenue - a levy they can offset by striking deals with news publishers.
The tax is expected to raise up to 250 million dollars a year, which will be distributed to media companies.
By ABC Australia4
1313 ratings
The federal government unveiled its long-awaited proposal to make tech giants pay for Australian journalism.Under the draft laws, the News Bargaining Incentive would tax Meta, Google and TikTok 2.25% of their Australian revenue - a levy they can offset by striking deals with news publishers.
The tax is expected to raise up to 250 million dollars a year, which will be distributed to media companies.

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