The Albanese government wants to force Google, Meta and TikTok to pay 1.5 per cent of their Australian revenue to news outlets. But how much do they make?

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.