Australia Proposes Law To Tax Tech Giants For News Content
Australia has unveiled draft laws that would charge technology companies including Meta, Google, and TikTok a portion of their revenue. The Australian government announced a bill on April 28 to allow new taxation on IT companies regarding news displayed on social media. The source noted that these developments may begin to be priced into markets by May. Failure to reach such agreements would trigger the mandatory tax on their Australian earnings. The proposed legislation would alternatively impose a tax of approximately 2% on revenues earned by these tech companies within Australia. Alternatively, companies could pay a tax of approximately 2 percent on revenues earned within Australia. The proposal targets technology firms generating more than 150 million euros in annual revenue.
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Sources · 7 independent
“Australia has unveiled draft laws that will charge tech giants Meta, Google and TikTok a portion of their revenue unless they voluntarily make deals to pay local outlets.”
“Under the government's news bargaining incentive plan, tech titans like Metta, Google and TikTok will be taxed 2.25% of their revenue.”
“like Metta, Google and TikTok will be taxed 2.25% of their revenue.”
“Meta, Google and TikTok will be taxed 2.25% of their revenue. tech giants to pay to display news on their platforms. ... it's cheaper to do a deal than it is to pay the charge.”
“it's cheaper to do a deal than it is to pay the charge. tech giants to pay to display news on their platforms.”
“If they don't do a deal, they face a penalty on top of whatever deal they might have done, and they've got to pay that as a charge.”
“the government, support the media organisations because they're in for a big... scheme injects some money back into the Australian journalism sector.”
“Gouvernul australian vrea să oblige marile companii tehnologice precum meta Google sau TikTok să pătească presă internaționale pentru articolele pe care le publică.”
“Communications Minister Annika Wells says the platforms need to help fund.”
“L'Australie veut inciter les géants de la tech à rémunérer les médias locaux. Le gouvernement présente aujourd'hui un projet de loi pour que META, Google et TikTok conclut des accords commerciaux avec les médias australiens.”
“would tax Metta, Google and TikTok 2.5% of their Australian revenue. However, the companies could offset the levy by striking deals with the news publishers.”
“even if they choose to pull news from their platforms they will still be required to do deals or pay the incentive. Alright so the United States government views the news bargaining code as a trade barrier.”
“Votre travail doit avoir une valeur monétaire. Il ne devrait pas simplement être récupéré par des multinationales et utilisé pour générer des profits en compensation.”
“Angus Taylor will do in his budget reply speech, this move to invest $800 million to try and increase our fuel reserves. Now, a couple of things on this. It's not 90 days... So it's 60 days.”
“The coalition is pledging to double Australia's minimum fuel stock to 60 days by storing an additional one billion litres onshore. Motorists would pay an extra one cent a litre at the Bowser to fund the 800 million dollar proposal.”
“le gouvernement a présenté ce mardi un projet de loi pour inciter Meta, Google et TikTok à conclure des accords avec les médias australiens pour mieux les rémunérer.”
“Australia plans to make tech giants like Meta, Google, and TikTok pay for news content. If voluntary agreements aren't met, PM Albanese says they'll face a 2.25% revenue fee.”
“En Australie, le gouvernement a présenté ce mardi un projet de loi pour inciter Meta, Google et TikTok à conclure des accords avec des médias australiens”
“En Australie, le gouvernement a présenté ce mardi un projet de loi pour inciter Meta, Google et TikTok à conclure des accords avec des médias australiens pour mieux les rémunérer.”
“En Australie, le gouvernement a présenté ce mardi un projet de loi pour inciter Meta, Google et TikTok à conclure des accords avec des médias australiens pour mieux les rémunérer.”
“Le gouvernement australien veut contraindre les géants du numérique à reverser une partie de leur revenu aux éditeurs de presse.”
“Si la loi est adoptée, c'est une manne de plus de 150 millions d'euros que l'Australie pourrait récupérer auprès des GAFAM pour financer la presse.”
“Votre travail doit avoir une valeur monétaire, il ne devrait pas simplement être récupéré par des multinationales et utiliser pour générer des profits sans compensation.”
“Il pourrait prendre la forme d'un prélèvement de 2,25% du chiffre d'affaires australien de Meta, Google et TikTok directement reversé aux entreprises de presse.”
“So $45 million plan to fast track major national projects. I think it's really, really terrific. And I think that, and he says it's a two step process.”
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