Meta said a proposal to tax platforms 2.25% of all Australian revenue, including revenue unrelated to social media, was “indefensible”

Two major lobby groups representing US tech giants say the News Bargaining Incentive is the latest policy that could dampen investment in Australia.

A plan to force Meta, Google and TikTok into compensating Australian media companies has drawn the unfiltered ire of Mark Zuckerberg’s $2.1 trillion giant.