Meta Warns Labor’s New Media Tax Could Trigger US Trade Action
Meta, the owner of Facebook, Instagram, and WhatsApp, argues news outlets are being protected from real market pressures.
TL;DR
- Meta opposes the Albanese government's News Bargaining Incentive, a proposed tax on Big Tech.
- The tax would be 2.25 percent of local revenue if deals aren't signed with Australian media companies.
- Meta claims news organizations share content voluntarily for commercial benefits like referral traffic and audience growth.
- The company suggests this proposal could trigger US trade action.