Australia moves to tax Meta, Google and TikTok to fund newsrooms
Australia is implementing a new tax on major tech companies like Meta, Google, and TikTok. The revenue generated from this tax will be used to support local newsrooms. This move aims to bolster the struggling media landscape in the country.
- ▪The Australian government plans to tax major tech companies to fund local newsrooms.
- ▪Meta, Google, and TikTok are the primary targets of this new tax initiative.
- ▪The initiative is part of a broader effort to support the media industry in Australia.
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