Meta, Google, TikTok face news tax under revised Australian law
By Sean Maguire ( May 5, 2026, 06:22 GMT | Insight) -- Meta Platforms, Google and TikTok could be required to pay upwards of $180 million annually to Australian media outlets under draft legislation announced last week, but their tax bills could be reduced if the tech giants sign agreements first. Meta and Google both opposed the tax following long-held opposition by US tech giants to fund local news. The draft bill replaces a first-of-its-kind policy implemented in Australia that would now capture platforms that choose not to carry news. The policy change has attracted some criticism for excluding AI platforms and other large tech companies. Meta Platforms, Google and TikTok could be on the hook to pay upwards of A$250 million ($180 million) per year to Australian news outlets under draft legislation announced last week. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.