The News Media Bargaining Code has limitations. It allows platforms to avoid their obligations by removing news. This is not in the best interest of Australians.
The bargaining incentive includes a charge and an offset mechanism. Platforms that choose not to enter or renew commercial agreements with news publishers will pay the charge.
Platforms with these agreements will, however, be able to offset their liability. This aims to encourage digital platforms to enter into or renew commercial deals.
Australia would look to squeeze more local tax payments out of Google and Facebook. However, the plan was quashed by the Trump Administration.
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