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Meta hits out at Labor's plan to make tech giants pay for news
Key takeaways
- Meta argues news organisations share content on its platforms as they commercially benefit from doing so.
- Meta, the parent company of Facebook and Instagram, has criticised Labor's proposed Media Bargaining Incentive.
- The plan would see large digital platforms taxed up to 2.25 per cent of Australian revenue unless they strike deals to pay for local journalism.
Why this matters: an international story with cross-border implications worth tracking.
Meta argues news organisations share content on its platforms as they commercially benefit from doing so. (Reuters: Dado Ruvic)
Meta, the parent company of Facebook and Instagram, has criticised Labor's proposed Media Bargaining Incentive.
The plan would see large digital platforms taxed up to 2.25 per cent of Australian revenue unless they strike deals to pay for local journalism.
Article preview — originally published by ABC Australia. Full story at the source.
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