Australia passes law to charge tech companies levies unless they reach deals with news publishers

Meta, Google, TikTok and LinkedIn will have to pay millions to support local news outlets under Australia's new rules.

Australia passes law to levy tech giants that fail to pay for local news  Reuters

SYDNEY, Aug 20 : Australia passed legislation on Thursday that will force tech giants to pay millions of dollars in levies if they fail to strike commercial deals with local media outlets for news on their platforms.The News Bargaining Incentive taxes the companies 2.5 per cent on their advertising revenues unless they

Boards are stacking C-suites with AI chiefs who can't overrule each other. The resulting gridlock is stalling the projects they were hired to build