Australia wants to tax Meta, Alphabet, and other platforms if they don't pay for news
Portfolio Pulse from
The Australian government plans to impose taxes on large digital platforms like Meta and Alphabet if they do not share revenue with Australian news media organizations.
December 12, 2024 | 8:15 pm
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NEGATIVE IMPACT
Alphabet, the parent company of Google, may face new taxes in Australia if it does not agree to share revenue with Australian news media organizations.
The Australian government's proposal to tax digital platforms like Alphabet if they don't share revenue with news media could lead to increased costs for Alphabet. This regulatory pressure may negatively impact Alphabet's financials in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80