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After Meta signals end to publisher payouts, Australia plots Big Tech news tax
A few years ago, Australia passed legislation requiring platform giants including Facebook-owner Meta and YouTube's parent Google to negotiate with news
A few years ago, Australia passed legislation requiring platform giants including Facebook-owner Meta and YouTube’s parent Google to negotiate with news publishers to pay for journalism reshares. A few months on from Meta’s bombshell move, the Australian government is readying its response: the Financial Times reports that it will introduce a legislative amendment targeting social media and search engines which will force them to pay for news if local revenues exceed $250 million per year. The news tax would be offset against any payments voluntarily made to publishers — so the measure, which will undergo public consultation next year, is clearly intended to get Big Tech back around the media negotiating table.
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