The Australian government is intensifying its efforts to ensure that major digital platforms contribute to local journalism by proposing a tax that mandates negotiations with media outlets. The tax rate is initially set at 2.25% of their Australian revenues, but platforms can lower this rate to 1.5% by successfully negotiating deals. This initiative aims to bolster the struggling journalism sector and ensure that tech giants are held accountable for their role in the media landscape.
BUSINESSPublished 28 Apr 2026 • Published 1 day ago • Updated 22h ago
Australia Proposes 2.25% Tax on Tech Giants for Journalism
55% POSITIVE
Australia is set to introduce a tax on Meta, Google, and TikTok to fund local journalism, with draft legislation expected by July. The tax aims to support newsrooms and could generate A$200 million to A$250 million, reflecting a global trend of regulating tech giants' influence on media.
Detailed Analysis
SOURCES
11 outlets · 11 articles
TEtechcrunch.com
AIabcnews.com
TFPthefrontierpost.com
REstreetinsider.com
FRfreemalaysiatoday.com
MOmoneycontrol.com