None
EN
Tech giants face higher levy under tweaked news plan
['Aug', 'Andrew Brown', 'Noah Secomb', 'Lucinda Garbutt-Young', 'Farid Farid', 'Melissa Meehan', 'Bree Harding', 'Callum Farquhar']
Shepparton News Feed
The maximum levy tech companies will pay on their revenue has been increased from 2.5 per cent from a previously proposed 2.25 per cent charge, the government revealed on Monday.
The revenue used to calculate the tech giants' payments will be limited to digital advertising income attributable to the Australian market.
Australia has had a free-trade deal with the US since 2005, but US trade officials have taken aim at federal government measures against tech companies.
Mr Mulino said he was confident media companies would still strike deals with media outlets, rather than walk away from having news on their platforms.
Meta, the parent company of Facebook and Instagram, Â declined to comment on the changes to the news bargaining incentive.