Pay or be fined? 💸 Australia concentrates on 2.25% Meta tax if it turns a blind eye to paying for news!
Pay or be fined? 💸 Australia concentrates on 2.25% Meta tax if it turns a blind eye to paying for news!
Meta fiercely criticized the new Australian bill! After the government prepared to force the social media giant to pay local news agencies compensation for news content being shared on their grounds, 📰📱
A recent statement from the company noted that Meta viewed the law as "extremely unfair," "discriminatory" and "economically unreasonable," pointing out that the designed law was not good enough and would not be able to help support the news industry to diversify and be sustainable. 📉
🎯 Who gets into the net and what are the penalties?
The law is aimed at conglomerates like Meta, Google and Tikka based on the huge volume of revenue and user traffic in Australia.
These companies will be given the opportunity to negotiate deals with local publishers directly before 🤝
⚠️ But if they refuse...It will face being charged compulsory taxes of up to 2.25% of all income achieved in Australia!
Meta argues that this is "a discriminatory tax that only applies to a few foreign companies, while competitors that provide similar services do not incur equivalent burdens." ⚖️
🇦🇺 Australia: Big Tech organising frontline leader
If back in 2024, when the law concept was presented in a similar way, Meta had previously responded by announcing a suspension from Australian users from accessing the "News" tab (News tab), 🚫
Supporters of the law view that social media uses news content to attract users and shovels online advertising revenue that should go to crisis-stricken news agencies. 💸
Australian Prime Minister Anthony Albanese emphasized that journalism requires "tangible financial value," and that it should not be used by large multinational companies to make a profit without pay.
This bill will be introduced into Parliament later this year. Let's hope that the IT giants will continue to cope and solve the game! 🏛️
Sources: Statement from Meta and International News Report on Technology Policy and Media Governance Australia















































































