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[BUSINESS] · Australia, United States · 16 sources

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Australia passes news bargaining law for tech giants

The Australian Parliament has passed the News Bargaining Incentive and News Journalism Payments scheme, a legislative framework designed to compel major technology companies to compensate local news organizations for their content. The law targets platforms with a significant presence in Australia and local advertising revenues exceeding A$250 million, specifically naming Meta, Google, TikTok, and LinkedIn.

Under the new rules, these digital giants must either strike commercial agreements with at least eight different Australian news publishers or face a 2.5 per cent levy on their local advertising revenue. To encourage investment in diverse media, the scheme offers tax offsets: spending with large publishers provides a 150 per cent offset, while spending with small and medium-sized outlets provides a 200 per cent offset. However, no single agreement can cover more than 25 per cent of a platform's total levy liability.

While the Australian government describes the move as a critical step for the sustainability of journalism and democracy, the legislation has drawn criticism from US-based advocacy groups. Americans for Tax Reform has labeled the proposal a ‘shakedown’ of American companies and suggested that the US could investigate or retaliate through tariffs.

Entities

Americans for Tax Reform · Anthony Albanese · Australian Parliament · Free TV Australia · Google · LinkedIn · Meta · TikTok

Claims

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Sources

23 days ago
Australia enforces payment for local news [www.advanced-television.com]
22 days ago