Jun 2, 2026 – 8.00pmPowerful lobby groups representing major US multinationals have decried Australia’s plans to tax Meta, Google and TikTok at a higher rate if they do not strike commercial deals funding journalism, warning it is part of a “deteriorating tax environment” for investment in Australia.Draft legislation unveiled by the government in April could force those three companies to strike deals worth about $250 million a year with Australian news outlets.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles