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Tax arrangements could help media compete with digital platforms, top Australian official says

By Laurel Henning ( February 11, 2019, 01:58 GMT | Insight) -- Australia’s competition watchdog is considering allowing media companies to offset taxes associated with the costs of producing “certain types of journalism” and making news subscriptions tax deductible, the regulator’s chairman Rod Sims said today. Speaking at a conference in Sydney, Sims, said the Australian Competition & Consumer Commission thinks both measures could bolster the media industry in the face of the growing dominance of digital platforms.Australia’s competition watchdog is considering allowing media companies to offset taxes associated with the costs of producing “certain types of journalism,” and making news subscriptions tax deductible, the regulator’s chairman Rod Sims said today. ...

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