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Google, Meta, TikTok to pay for news content under revamped Australian rules

By Ryan Cropp ( December 12, 2024, 03:00 GMT | Insight) -- Digital giants Meta Platforms, Google and TikTok will be forced to pay significant new Australian taxes if they refuse to strike deals with the country’s media publishers for the use of their news content, the government has announced. In a joint statement, Assistant Treasurer Stephen Jones and Communications Minister Michelle Rowland said the Australian government would create a new tax offset mechanism to encourage the tech giants to come to the bargaining table. If implemented, the policy — labeled the “News Bargaining Incentive” —  would initially apply to “large digital platforms operating significant social media or search services” with relevant Australian-sourced revenue greater than $160 million.Digital giants Meta Platforms, Google and TikTok will be forced to pay significant new Australian taxes if they refuse to strike deals with the country’s media publishers for the use of their news content, the government has announced....

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