"Prime Minister Anthony Albanese stated, 'It shouldn't just be able to be taken by a large multinational corporation and used to generate profits for that organisation with no compensation appropriate for the people who produce that creative content.' He emphasized the importance of attaching a monetary value to journalists' work."
"The proposed News Bargaining Incentive would impose a 2.25% tax on the Australian revenue of major platforms that opt not to negotiate with news publishers. This tax aims to encourage platforms to invest in journalism."
Australia plans to tax digital companies like Meta, Google, and TikTok a portion of their revenue to support journalism. The draft legislation aims to encourage these platforms to negotiate financial agreements with news organizations. Prime Minister Anthony Albanese emphasized the need for fair compensation for journalists' work, stating that investment in journalism is vital for democracy. The proposed tax would be 2.25% on revenue for platforms that do not engage in commercial deals with news publishers, potentially raising significant funds for the news sector.
Read at Chicago Tribune
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