The Australian government will introduce a new tax requiring tech giants like Facebook, Google, and TikTok to support Australian journalism, even if they do not host news content.
The tax will apply to companies with Australian revenue over $250 million, but can be reduced to zero if they sign funding agreements with media outlets.
This plan follows Meta’s threat to stop hosting Australian news, similar to its 2021 blackout. The government aims to prevent such moves while compelling platforms to support journalism.
Federal Minister for Financial Services, Stephen Jones called independent journalism “absolutely critical” and emphasised the platforms’ responsibility to contribute.
Tech companies like Google and Meta have criticised the plan, warning it could undermine existing agreements. Meanwhile, major media organisations, including the ABC and Nine, have welcomed the move as a step toward securing sustainable funding for public interest journalism.
Legislation will be introduced in 2024, with the tax backdated to 1 January. The government has not revealed the tax rate, allowing room for negotiation with tech giants.
Source: ABC News.
