ABC News & Headlines – Australian Broadcasting Corporation·3 min read·medium
Big tech companies that fail to strike deals with Australian media to face higher levy
H
Holly Tregenza
✦AI Summary
The Australian government is increasing the levy on tech companies that fail to reach content deals with local media from 2.25% to 2.5% of digital advertising revenue. While the penalty rate is higher, companies secured a concession to apply the levy only to digital ad revenue rather than total revenue.
Tech companies including Meta will pay a higher levy to Australian media companies if they fail to strike a deal for content, but have won a key concession. ( Reuters: Dado Ruvic )
technologybusinesspolitics
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in