None
EN
Australia increases levy on Big Tech over local news deals
[]
NewsBytes
The revenue generated from this increased levy will be directed toward the news media sector.
The Australian government hopes this move will help bolster local journalism.
Assistant Treasurer Daniel Mulino clarified on ABC Radio National that "the charge-base for the News Bargaining Incentive will be advertising revenue."
He added that the rate has been increased to ensure that "the overall amount of money raised by the deals entered into by these platforms with the media is about the same."