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MPs back tax on tech giants

MPs back tax on tech giants

But Coalition members of a parliamentary inquiry labelled Labor “weak” for failing to force Meta, the owner of Facebook and Instagram, to renew deals with media businesses.

  • by Paul Sakkal

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Up to $50m fine for banks, telcos, social media firms in war on scams
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Scams

Up to $50m fine for banks, telcos, social media firms in war on scams

Labor will give its financial watchdog new powers to force companies to compensate customers who lose money and to punish operators who don’t police their sites.

  • by David Crowe
The $5.1 billion problem costing one in four workers

The $5.1 billion problem costing one in four workers

About 2.8 million Australians are being shortchanged on their superannuation, costing them about $30,000 in savings by the time they retire.

  • by Millie Muroi
Social media levy on the cards in escalation of news dispute
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Social media

Social media levy on the cards in escalation of news dispute

Smaller outlets like The Daily Aus and Broadsheet worry Meta will follow through on a threat, first reported in this masthead, to block all news content from Facebook and Instagram.

  • by Paul Sakkal
The forgotten tax adding billions to the country’s insurance premiums

The forgotten tax adding billions to the country’s insurance premiums

State governments have reaped billions from stamp duty on insurance, and the industry’s peak body says it’s time for states to put that money back into mitigating natural disasters.

  • by Rachel Clun
Tougher rules on Gen Z’s favourite credit coming soon
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BNPL

Tougher rules on Gen Z’s favourite credit coming soon

Buy now, pay later providers including Afterpay, Zip and Klarna will be brought under the Credit Act in changes that have been a long time coming.

  • by Rachel Clun
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Musk widens legal fight with Australia as Labor pushes social media probe

Musk widens legal fight with Australia as Labor pushes social media probe

Elon Musk’s company has launched a case in the Administrative Appeals Tribunal to test the merits of the eSafety Commissioner’s order to remove church stabbing videos.

  • by Paul Sakkal
‘Meta will play hardball. So will the government’: Facebook threatens Canadian option
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Social media

‘Meta will play hardball. So will the government’: Facebook threatens Canadian option

“Meta’s threat to pull news content from Australia should send a shudder down the spine,” says Assistant Treasurer Stephen Jones.

  • by Paul Sakkal
‘A danger to democracy’: Social media giants in firing line after stabbings failure
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Social media

‘A danger to democracy’: Social media giants in firing line after stabbings failure

Furious Assistant Treasurer Stephen Jones will force social media companies to answer to government after the spread of misinformation had turned a “horrific week into something diabolical”.

  • by Paul Sakkal
Tech giants claiming as little as 5 per cent of their revenue is taxable

Tech giants claiming as little as 5 per cent of their revenue is taxable

Apple, Google, Facebook and Microsoft earn billions of dollars a year in Australia, and Assistant Treasurer Stephen Jones has said he expects multinationals to “pay their fair share”.

  • by Rachel Clun
Penny Wong ties knot with long-time partner Sophie Allouache

Penny Wong ties knot with long-time partner Sophie Allouache

Foreign Affairs Minister Penny Wong’s winery wedding in the Adelaide Hills is the first of four ministerial weddings this year.

  • by James Massola and Olivia Ireland

Original URL: https://www.watoday.com.au/topic/stephen-patrick-jones-6fnk