""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.""
Australia plans to tax digital companies like Meta, Google, and TikTok a portion of their revenue to support journalism. The draft legislation aims to encourage these platforms to negotiate financial agreements with news organizations. Prime Minister Anthony Albanese emphasized the need for fair compensation for journalists' work, stating that investment in journalism is vital for democracy. The proposed tax would be 2.25% on revenue for platforms that do not engage in commercial deals with news publishers, potentially raising significant funds for the news sector.
Read at Georgia Public Broadcasting
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