Albanese's New Tax on Tech Giants to Fund Aussie Journalism

About this episode

Prime Minister Anthony Albanese proposes a new tax on tech giants to support Australian journalism.

Australias Prime Minister Anthony Albanese unveils a draft plan to impose a 2.5% levy on Google, Meta, and TikToks local revenues, aiming to compel these tech giants to contribute to news content or directly fund Australian journalism. Platforms can avoid the tax by securing new deals with publishers, which come with substantial incentives. This initiative targets platforms generating over AUD 250 million annually in Australia, following Metas evasion of the previous news media bargaining code. The move is expected to face resistance, potentially from U.S. President Donald Trump, and prioritizes outlets hiring local journalists and multicultural publishers. The government plans to introduce the bill during parliaments winter session to secure partnerships that ensure quality news for all Australians. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/57b9b61f2e58ff9f

Topics covered

• tax on tech giants
• Australian journalism
• media funding
• government policy
• news media bargaining code

Keywords

• Albanese
• tax
• tech giants
• journalism
• Google
• Meta
• TikTok
• Australia
• media funding

Sponsors

Solipillow

Mentioned in this episode

Organizations: Google, Meta, TikTok, U.S. President Donald Trump, Australian journalism

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