Labor-led committee in Australia proposes tax on tech giants for media support and enhanced regulation.
A Labor-led committee in Australia has proposed a tax on tech giants like Meta and Google to support struggling media firms and enhance regulation of social media. The recommendations, part of the Albanese government's efforts, include establishing a new digital affairs minister and a fund to diversify media revenue. This follows Meta's withdrawal from agreements with Australian news outlets, indicating a need for a more robust funding model for journalism.
October 21, 2024
68 Articles