A 2.25% levy doesn’t sound like much, but for a platform with over a trillion in revenue, that’s only a few hundred million dollars—the Australian government’s “reckoning” is spot-on and it really adds up.

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CryptoFrontier
Australia Proposes 2.25% Levy on Meta, Google, TikTok for News Payments
Australia will impose a 2.25% levy on the local revenue of Meta, Google, and TikTok unless they sign deals to pay local media outlets for news on their platforms, according to Reuters. The proposed News Bargaining Incentive would direct levy proceeds to news companies, with platforms receiving
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