Australia plans to tax digital platforms that don't pay for news

The Australian government announced a tax on large digital platforms and search engines starting January 1, targeting companies earning over 250 million Australian dollars annually from Australia like Meta, Google, Alphabet, and ByteDance. The tax aims to encourage revenue sharing with Australian news media organizations, offsetting the tax through payments to the media. This move follows Meta’s decision not to renew deals to pay Australian news publishers, prompting the government to enforce revenue-sharing deals through the New Media Bargaining Code introduced in 2021.

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