Australia Attacks American Tech Companies

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Posted by Andreas Hellmann on Wednesday, September 2nd, 2020, 9:56 AM PERMALINK

The Australian Competition and Consumer Commission (ACCC) has published draft regulation that would force American tech companies like Google and Facebook to subsidize traditional Australian media companies with a portion of their revenue. The ACCC’s mandate is to protect and promote competition, but the Draft Code would do the opposite. The Draft Code functions as a direct tax on innovative companies. 

Americans for Tax Reform and Digital Liberty have submitted comments to the ACCC. 

You can read the full submission here

Photo Credit: U.S. Pacific Fleet