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AUSTRALIA TAXES TECH GIANTS ON AD REVENUE

Australia passed the News Bargaining Incentive on Thursday, imposing a 2.5% tax on tech companies' Australian advertising revenue unless they negotiate deals with local news outlets.

1 SOURCEFIRST SEEN AUG 20, 11:15 AM► READ THE ARTICLE

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Australia passes the News Bargaining Incentive, which will tax tech giants 2.5% on their Australian ad revenue unless they strike deals with local news media (Christine Chen/Reuters)

Christine Chen / Reuters: Australia passes the News Bargaining Incentive, which will tax tech giants 2.5% on their Austr…

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