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A few years ago , Australia pass off legislation want chopine giants including Facebook - owner Meta and YouTube ’s parent Google to negotiate with news publishers to pay for journalism reshares . The News Media Bargaining Code forced Big Tech to turn out deals with local news electric outlet . However , Meta has sincemoved aside from further newson its platformsglobally — andin March , it offend Australian publishers by telling them commercial system deserving around $ 70 million would not be regenerate .

A few months on from Meta ’s bombshell move , the Australian government is readying its response : TheFinancial Timesreports that it will introduce a legislative amendment targeting social media and search locomotive which will impel them to pay for news if local revenues transcend $ 250 million per year . The news taxation would be offset against any defrayal voluntarily made to publisher — so the measure , which will undergo public interview next year , is clearly intended to get Big Tech back around the media negotiating mesa .

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