Australia passed legislation requiring platform giants including Facebook-owner Meta and YouTube's parent Google to negotiate with news

The Australian government said Thursday it will tax large digital platforms and search engines unless they agree to share revenue with Australian news media organizations. The tax would apply from Jan.

Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media.

Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media.

Australia's government says it will create new rules to force big tech companies to pay local publishers for news. The long-awaited decision sets out a successor to a world-first law that Australia passed in 2021, which was designed to make giants like Meta and Google pay for hosting news on their platforms.

The "news media bargaining incentive" is essentially a new levy issued by the Australian Tax Office to digital platforms. Platforms that renew or initiate deals with news publishers to pay for news content will be able to offset the levy.

SYDNEY (Reuters) -Australia plans new rules to "create a financial incentive" for big tech firms to pay Australian media companies for news content on their platforms, Assistant Treasurer and Minister for Financial Services Stephen Jones announced on Thursday.

SYDNEY: The Australian government is working on measures to make big tech firms pay media companies for news content on their platforms.The News Bargaining Initiative will create a

Australia plans to implement a new charge on the owners of global tech platforms, attempting to shore up local media outlets months after Facebook cut ties with traditional news providers.