:

AUSTRALIA LEVIES 2.25% TAX ON BIG TECH

INDUSTRY DESK1 MIN READ
TUE, APR 28, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Australia is forcing major tech platforms to pay for news content or face a 2.25% tax. The government will reduce the effective rate based on how many deals platforms strike with media outlets.

Big Tech firms operating in Australia must now either negotiate payment agreements with news publishers or incur a 2.25% tax on local revenue. The tax structure incentivizes deals. Each media partnership lowers the effective rate, potentially dropping it to 1.5% if platforms secure sufficient agreements. The government estimates the measure could generate between A$200 million and A$250 million annually for Australian journalism. The policy aims to address the financial strain on news outlets caused by tech platforms monetizing news content without compensating publishers. Platforms can reduce their tax burden by directly funding news organizations, creating a financial incentive to enter voluntary licensing arrangements rather than pay the tax.

■ SOURCES

TechCrunch

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BUSINESS DESK

French quantum computing company Pasqal Holding SA went public Friday via SPAC merger, with shares closing up 95% on their first trading day—a strong performance compared to other recent quantum computing debuts.

1H AGOIndustry Desk

A test of 100 firms revealed widespread confusion over California's legal data access rights, with many companies deleting information instead of providing it to requesters.

5H AGOIndustry Desk

Big Tech's trillion-dollar AI investment plans are putting pressure on credit default swap markets, a critical indicator of financial stress. The surge reflects growing concerns about debt levels tied to massive infrastructure spending.

10H AGOAI Desk

A consortium of private equity firm Advent and payment processor Stripe has abandoned its bid to acquire PayPal Holdings Inc. The group had offered $60.50 per share, valuing the fintech giant at approximately $53 billion.

10H AGOIndustry Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.