Australia passes law to levy tech giants that fail to pay for local news
Australia's parliament has passed a law requiring tech giants to pay for local news content. The law aims to give Australian journalism a 'sustainable footing'. The legislation orders social media platforms to pay taxes on news usage. The move has been met with opposition from some quarters, with Trump allies labeling it a 'shakedown'.
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- ✓ Australia's parliament has passed a law requiring tech giants to pay for local news content.
- ✓ The law aims to give Australian journalism a 'sustainable footing'.
- ✓ The legislation orders social media platforms to pay taxes on news usage.
- ✓ The law has been labeled a 'shakedown' by Trump allies.
What changed
The Australian parliament has passed the News Media Bargaining Code, a law that requires tech giants to pay for local news content.
Live updates
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Australia passes law to levy tech giants for local news
Australia's parliament has passed a law requiring tech giants to pay for local news content. The law aims to give Australian journalism a 'sustainable footing'. The legislation orders social media platforms to pay taxes on news usage. The move has been met with opposition from some quarters, with Trump allies labeling it a 'shakedown'.
Why it matters
The law is part of a global effort to regulate tech giants and ensure they fairly compensate news providers. Australia is the first country to implement such a law, which could set a precedent for other nations. The law's passage has significant implications for the future of journalism and the relationship between tech giants and news providers.
What is confirmed
- Australia's parliament has passed a law requiring tech giants to pay for local news content.
- The law aims to give Australian journalism a 'sustainable footing'.
- The legislation orders social media platforms to pay taxes on news usage.
- The law has been labeled a 'shakedown' by Trump allies.
Still unconfirmed
- Republicans are taking aim at the News Bargaining Incentive
What to watch next
- Implementation of the law and its impact on tech giants and Australian journalism
- Reaction from other countries and potential adoption of similar laws
- Effect on small and independent news media
confidence 80%Sources used for this update (8)
- Reuters — Australia passes law to levy tech giants that fail to pay for local news
- Politico — Republicans take aim at News Bargaining Incentive
- FIPP — What publishers can learn from Australia’s battle with the platforms
- The Lismore App — Parliament rejects proposals to better support small & independent news media
- edenmagnet.com.au — Trump allies label media bargaining code a 'shakedown'
- marketscreener.com — Australia Passes Legislation Ordering Social Media to Pay Taxes on News Usage
- The Mandarin — News bargaining incentive to give Australian journalism a ‘sustainable footing’
- MLex — News media bargaining incentive passes Australian parliament
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