Australia is increasing the levy on major technology companies that fail to reach commercial agreements with local media outlets for news content. The government has raised the proposed fee from 2.25% to 2.5% of advertising revenue for companies with significant social media or search services and local revenue exceeding AUD 250 million. This measure, which aims to support the local news industry, now includes professional networking sites like LinkedIn, as exemptions have been removed. AI
RANK_REASON Significant regulatory action by a national government impacting major tech companies. [lever_c_demoted from significant: ic=1 ai=0.1]
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