ABC News – Top stories
·general
·2 hours ago
Big tech hits back at Labor's news payment plan
The Australian Labor government announced a Media Bargaining Incentive on Tuesday, planning to tax major tech platforms 2.25 percent of their Australian revenue unless they reach agreements to pay local news outlets. US tech giant Meta condemned the proposal as a 'government-mandated transfer of wealth,' while the government aims to generate up to $250 million for journalism funding.
Summary by Glance · ABC News – Top stories
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