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Australia increases levy on Big Tech over local news deals

Australia increases levy on Big Tech over local news deals

NewsBytes 6 hrs ago
Australia has increased the rate of a planned levy on tech giants, including Meta, Google, and TikTok. The move comes as part of a government plan to ensure these companies strike commercial deals with local media outlets for news content on their platforms.
The new levy rate is 2.5%, up from the previous 2.25%. The tax will be levied only on advertising revenue instead of total business revenue of the companies involved.
NewsBytes

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