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business14h ago

Google, Meta and TikTok face new levy to pay for Australian news as Albanese reveals media plan

https://www.theguardian.com/australia-news/2026/apr/28/albanese-tech-companies-australian-mediahttps://www.dailymail.com/news/article-15770713/google-meta-tiktok-australian-news-content-deal.htmlhttps://finance.yahoo.com/economy/policy/articles/australia-charge-big-tech-companies-042115893.html
Theguardian.com and 2 more
Google, Meta and TikTok face new levy to pay for Australian news as Albanese reveals media plan Open in Theguardian.com
Highlights
  • Platforms including Google, Meta and TikTok will be required to strike commercial deals with Australian media outlets or pay a 2.25% levy on local revenues.
  • If platforms and media outlets agree on new deals, offsets of between 150% and 170% would be applied to their liabilities under the NBI, saving them from paying the new levy.
  • The model closes a loophole by making payment the cheaper option, nudging platforms to strike deals rather than pay the levy alone.

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References

Google, Meta and TikTok to pay for Australian news under crackdown

https://www.dailymail.com/news/article-15770713/google-meta-tiktok-australian-news-content-deal.htmlDailymail.com
Google, Meta and TikTok to pay for Australian news under crackdown

Australia to charge Big Tech companies 2% levy unless they strike local news deals

https://finance.yahoo.com/economy/policy/articles/australia-charge-big-tech-companies-042115893.htmlFinance.yahoo.com

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