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- Australia plans new rules to force Google, Meta to pay news outlets
Australia plans new rules to force Google, Meta to pay news outlets
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The Australian government plans to introduce a new model requiring digital platforms, including Meta and Google, to pay for Australian news content. The model will apply to platforms with Australian revenues of more than $250 million. This will force digital platforms to either pay for news content or face a tax bill. The tax bill is expected to be significant, potentially amounting to millions of dollars. The consultation on the level of the charge is scheduled for 2025.
It is important that digital platforms play their part. They need to support access to quality journalism that informs and strengthens our democracy.
The rapid growth of digital platforms in recent years has disrupted Australia's media landscape, and it is threatening the viability of public interest journalism.
Digital platforms receive huge financial benefits from Australia, and they have a social and economic responsibility to contribute to Australians' access to quality journalism.
This approach strengthens the existing code by addressing loopholes that could see platforms circumvent their responsibility to pay.
The real objective … is not to raise revenue – we hope not to raise any revenue. The real objective is to incentivise agreement-making between platforms and news media businesses in Australia.
We agree with the government that the current law is flawed and continue to have concerns about charging one industry to subsidise another.
sources
perspectives
- 1.US Economy
- 2.Tech industry
- 3.Regulation
- 4.Social Media
- 5.News media
- 6.Australian Foreign Policy
- 7.Australia under Anthony Albanese
- 8.Monopoly
