28-April-2026
Corporate News
 
Australia to Charge Big Tech Companies 2% Levy Unless They Strike Local News Deals
28-Apr-2026

The Australian government said on Tuesday that Meta, Alphabet's Google and TikTok could face multimillion-dollar charges if they did not negotiate deals to pay local media outlets for news on their platforms. A proposed News Bargaining Incentive would tax the three big tech companies 2.25% on their local revenues unless they struck agreements, with the proceeds to be directed to news companies to boost Australian journalism.

News Source:- https://money.usnews.com/investing/news/articles/2026-04-28/australia-to-charge-big-tech-companies-2-levy-unless-they-strike-local-news-deals