"Prime Minister Anthony Albanese stated, 'It shouldn't just be able to be taken by a large multinational corporation and used to generate profits for that organisation with no compensation appropriate for the people who produce that creative content.'"
"'We think that investment in journalism is critical to a healthy democracy,' Albanese added, underscoring the need for financial support for news reporting."
"The proposed News Bargaining Incentive would impose a 2.25% tax on major platforms that do not negotiate commercial deals with news publishers, aiming to ensure fair compensation."
Australia plans to tax digital giants Meta, Google, and TikTok a portion of their revenue to support journalism. The draft legislation aims to encourage these companies to negotiate with news organizations for fair compensation. Prime Minister Anthony Albanese emphasized the importance of valuing journalists' work and ensuring that large corporations do not exploit their content without appropriate compensation. This proposal follows previous attempts to make platforms pay for news content, highlighting ongoing challenges in the relationship between digital platforms and journalism.
Read at WRAL.com
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