Would a tech tax be a fair way to make Google and Meta pay for the news they distribute and profit from?

"Australia's News Media Bargaining Code is seen as a world-first in utilizing competition law to compel tech giants Google and Meta to compensate news publishers for distributing their content. Despite its contentious nature, this legislation has shifted financial dynamics in media distribution, leading to significant payments to Australian news publishers and influencing international legislative discussions on similar codes."

"Approximately A$250 million flows annually to news publishers as a result of the code, but this amount remains a fraction of what would represent a fair market value for the intellectual property utilized by companies like Google. The legislation has sparked a global ripple effect, as other countries witness Google negotiating deals with local publishers prior to similar regulations being enacted."

Read at The Conversation