Tech companies invoke possibility of Trump’s wrath in fight against Labor’s media laws
Summary
Tech companies like Meta are opposing a new Australian law that would require them to pay news outlets for using their content or face a 2.25% levy on local revenue. These companies argue the law breaks the Australia-US free trade agreement and could lead to retaliation from the Trump administration. Media industry leaders support the law, saying it is necessary to ensure fair payment for news content.Key Facts
- Australia plans to make tech companies pay news outlets or pay a 2.25% fee on revenue.
- The law is called the news media bargaining incentive (NBI).
- Meta says the NBI is a "discriminatory tax" targeting foreign companies unfairly.
- US trade groups warn the draft law may violate the Australia-US free trade agreement.
- The Software & Information Industry Association says the Trump administration might retaliate.
- Australian media leaders say the law helps ensure tech companies pay fairly for news content.
- The law aims to support journalism and maintain diverse news sources in Australia.
- Some call for changes to ensure small news producers also benefit from payments.
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