Google, TikTok, and Meta could be taxed by Australia to fund its newsrooms

Australia has proposed taxing digital giants Meta , Google and TikTok on a part of their revenue to pay for news reporters. The government released draft legislation Tuesday it intends to introduce to Parliament by July 2 that would create a financial incentive for the social media companies to strike deals with news organizations to pay for journalism. The platforms’ criticisms included that the proposal was a “digital services tax” that misunderstood the evolving advertising industry and would