Thursday, 20 August, 2026
Pay Up or Get Taxed: Australia Passes Law Forcing Big Tech to Fund Local News
By TechShots Studio
Australia has officially passed legislation imposing a 2.5% levy on local advertising revenues for tech giants like Google, Meta, TikTok, and LinkedIn if they fail to sign commercial content deals with local media outlets. Designed to support domestic journalism, the "News Bargaining Incentive" allows platforms to offset their tax liability by securing agreements with at least eight news publishers.
Read full story at REUTERS