Dec 12, 2024 (The Australian Financial Review - ABIX via COMTEX) --
The federal government has announced plans to implement laws that will see the Australian Taxation Office impose an annual charge on social media and search companies that is worth more than the value of deals struck under the existing news media bargaining code. Assistant Treasurer Stephen Jones and Communications Minister Michelle Rowland state the policy is aimed at forcing tech platforms to do deals with media companies to pay for the news content they use and not about raising money for the government, while media companies state they will push for Facebook owner Meta to return to the negotiating table after the announcement of the government's so-called TikTok tax..
Publication Date: 13 December 2024
AUSTRALIAN TAXATION OFFICE
AUSTRALIA. DEPT OF THE TREASURY
AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT, COMMUNICATIONS AND THE ARTS. BUREAU OF INFRASTRUCTURE AND TRANSPORT RESEARCH ECONOMICS
FACEBOOK AUSTRALIA PTY LTD
META AUSTRALIA LIMITED
TIKTOK
COMTEX_460788886/2229/2024-12-12T18:10:26
By Ronald Mizen and Amelia McGuire
Copyright 2024 Roy Morgan Research. All Rights Reserved.
