Australia Proposes Tech Tax for News Payments

0:00On April 28, Australia's government just dropped draft laws to hit big tech like Meta, Google, and Tiktok with attacks on their local revenue, unless. They cut deals paying news outlets for content. This builds on their 2021 news media bargaining code that forced platforms into agreements with publishers, but now those companies are. Dodging renewals by pulling news off their sites altogether. Prime Minister Anthony Albanese is pushing hard, saying journalism deserves real cash from the profits these giants make off it, and it's key for a stand. Strong democracy down under. The platforms are firing back, calling it a sneaky digital services text that ignores how news gets shared voluntarily and won't fix the industry. Long-term Google even points out its skips players like Microsoft and Snapchat. If platforms give deals, they pay 2.25% of Australian earnings, but give breaks if they pay up. Instead, the cash goes straight to.