Australian government proposes taxing Meta and Google 2.25% of revenue to fund local journalism.

Australia plans to tax major tech platforms 2.25% of local revenue if they don't pay news publishers, aiming to fund journalism. Prime Minister Anthony Albanese introduced the draft law for Parliament by July 2, emphasizing that platforms must fairly compensate journalists. Meta, Google, and TikTok oppose the measure, calling it a misguided tax that unfairly targets U.S. companies.