Big tech warns news tax a global precedent

Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 3 : 3-Jun-26

Two US lobby groups have criticised the proposed News Bargaining Incentive in submissions to the federal government. The Software & Information Industry Association and the National Foreign Trade Council both represent technology giants such as Meta and Google, while the latter’s members also include Amazon, Coca-Cola and Shell. The NFTC contends in its submission that the NBI is a "discriminatory" digital services tax that primarily targets US companies. The NBI would impose an additional tax of 2.25 per cent on the Australian revenue of Meta, Google and TikTok if they fail to secure commercial deals with local news publishers for using their content.

CORPORATES
SOFTWARE AND INFORMATION INDUSTRY ASSOCIATION, UNITED STATES. NATIONAL FOREIGN TRADE COUNCIL, META PLATFORMS INCORPORATED, GOOGLE INCORPORATED, AMAZON.COM INCORPORATED, THE COCA-COLA COMPANY, SHELL PLC, TIKTOK

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