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TikTok caught in Australian tech charge as Labor unveils Meta fightback

The article from The Sydney Morning Herald discusses the Australian Labor government's strategy to counter the dominance of tech giants like Meta (formerly known as Facebook) by introducing new regulations and possibly targeting platforms like TikTok. The government is considering a range of measures including a potential digital services tax, which would impose a levy on the revenue generated by tech companies from Australian users. This move is part of a broader push to ensure that tech companies contribute more fairly to the Australian economy, especially in light of their significant influence over digital advertising markets and data privacy concerns. Additionally, there's mention of a crackdown on misinformation and harmful content, with TikTok being highlighted due to its growing user base and the geopolitical tensions involving its parent company, ByteDance, which is based in China. The article also touches on the government's intention to strengthen the Australian Competition and Consumer Commission (ACCC) to better regulate these tech giants, aiming to protect local media and ensure a level playing field in the digital space.

Read the Full Sydney Morning Herald Article at:
[ https://www.smh.com.au/politics/federal/tiktok-caught-in-australian-tech-charge-as-labor-unveils-meta-fightback-20241212-p5kxss.html ]