Australia passes law imposing levy on tech firms that fail to strike local news deals
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View chart & analysis → - 1Australia passed a bill requiring tech companies to pay millions of dollars in levies if they do not enter into commercial deals with local media outlets for news content.
- 2The law imposes a 2.5% tax on advertising revenue and targets Meta, Alphabet's Google, ByteDance's TikTok, and Microsoft's LinkedIn—companies whose local Australian ad revenue exceeds A$250 million ($178 million).
- 3Companies that sign deals with at least eight media outlets during the reporting period can offset the levy, and the proceeds will go to Australian local news outlets.
This 3-line summary is compiled from the report below.
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