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Australia to tax Meta Google and TikTok to bankroll newsrooms by July
Business
Published on 29 April 2026
Platforms that refuse deals face a revenue tax
Australia says it will introduce legislation by July 2 to impose a 2.25% revenue tax on Meta, Google, and TikTok unless they strike agreements to fund local journalism. The plan is designed to keep money flowing to newsrooms and support reporters, with the government expecting meaningful annual revenue to strengthen democratic information.
- Australia plans a July 2 deadline for new legislation
- A 2.25% revenue tax targets Meta Google and TikTok
- Platforms must strike deals to avoid the tax
- Funds are intended to support reporters and journalism
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times