Meta Accuses Australia of Violating Free Trade Agreement with Proposed Tax
Meta has accused Australia of breaching a free trade agreement with the U.S. by proposing a tax on tech giants, including Meta, Google, and TikTok. The tax would impose a 2.25% levy on all Australian revenue, not limited to social media-related income. Meta argues that this tax violates the bilateral Free Trade Agreement, which requires Australia to treat American companies no less favorably than local firms. The tax proposal is part of Australia's efforts to make social media companies compensate news outlets for content that drives traffic, a contentious issue since 2021. 
