Greens propose tax on major tech companies in Australia

The Australian Greens propose a new tax on major tech companies like Google, Microsoft, Meta, and Amazon, which earn over $26 billion annually from Australians. They aim to tax revenue over $20 million at a rate of 3%. The proposed "Big Tech Tax" would apply to companies with global revenues exceeding €750 million. The Greens estimate this tax could generate $11.5 billion, which they plan to use for public services, including dental care in Medicare. Senator Sarah Hanson-Young highlighted that many countries already have similar taxes. She argues that these companies should contribute fairly to the Australian economy, given their significant profits from local users.