Social media tax follows hundreds of news jobs cut since Meta's refusal to pay

News companies have shed hundreds of jobs since Meta refused to continue paying them, and the opposition says yesterday's announcement of a new tax on the social giants could have been made months ago — before those jobs were lost.

On Thursday, the federal government said it would introduce a tax on social media companies that could be used to fund Australian news media — with an "offset" for the social giants to pay less or zero if they negotiate deals directly with news companies instead.

To read news in detail: https://www.abc.net.au/news/2024-12-13/social-media-tax-delay-hundreds-of-news-jobs-cut-meta-refusal/104719760