Google, Meta and TikTok face new levy to pay for Australian news as Albanese reveals media plan

Government’s draft news bargaining incentive scheme includes 2.25% levy on local revenues of digital giants Anthony Albanese has urged Google, Meta and TikTok to make deals with Australian media outlets to avoid a dedicated 2.25% levy on local revenues, warning digital giants should not be able to exploit the work of journalists to boost profits. Releasing an exposure draft for the government’s news bargaining incentive (NBI) scheme on Tuesday, the prime minister said platforms who sign new d...

By Josh Butler and Tom McIlroy

Meta, Google, OpenAI among Big Tech firms seeing top staff leaving to launch AI startups

Former employees at AI giants are raising hundreds of millions of dollars from investors months on from launching.

Australia targets tech giants with levy unless they pay for local news

Australia unveiled draft laws on Tuesday that would force Meta, Google and TikTok to pay local publishers for news content or face a levy worth 2.25 percent of their Australian revenue, in a major push to support struggling media outlets and curb the dominance of global tech platforms.

By FRANCE 24

Australia unveils laws that could force tech giants like Google and Meta to pay for news

Tax could be about 2.25 per cent of a platform’s Australian revenue

By Vishwam Sankaran

Australia to tax tech giants unless they pay news outlets

Australia has unveiled draft laws that will tax tech giants Meta, Google and TikTok unless they voluntarily strike deals to pay local outlets for news.