"The News Bargaining Incentive would apply to Google, Meta, and TikTok, which could face a 2.25% levy on Australian revenue if they refuse to strike deals with media companies."
"Meta called the plan a government-mandated transfer of wealth from one industry to another and argued that news makes up only a small part of what people see on it."
"Under the draft plan, payments made through publisher deals can offset the charge, with larger credits for smaller outlets."
Australia's government has introduced draft legislation requiring major tech companies like Google, Meta, and TikTok to compensate publishers for news content. The proposed News Bargaining Incentive would impose a 2.25% levy on companies with over A$250 million in Australian revenue if they do not negotiate deals with media companies. This initiative aims to encourage negotiations rather than serve as punishment. The plan also allows payments through publisher deals to offset the charge, with funds from non-compliant platforms directed to support journalism and local reporting.
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