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Meta, Google, TikTok Face New Australian Tax Over News Revenue
Australia has unveiled plans to implement a targeted tax on major digital platforms that don't share revenue with news organizations.
Australia has unveiled plans to implement a targeted tax on major digital platforms that don’t share revenue with news organizations, marking its latest move to regulate tech companies’ relationships with media outlets. Google, which has established revenue-sharing agreements with more than 80 Australian news organizations, expressed concern about the proposed measure while committing to honor its current deals. Jones confirmed that Australian officials have briefed their U.S. counterparts on the tax strategy, emphasizing its role as an incentive mechanism rather than a traditional revenue measure amid broader international trade discussions.
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