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The Forum > Article Comments > Matters of revenue: Meta abandons Australia's media stable > Comments

Matters of revenue: Meta abandons Australia's media stable : Comments

By Binoy Kampmark, published 15/3/2024

Meta's public declaration of intent threatens various media companies with significant loss. In Australia, Nine Entertainment, Seven West Media and News Corp risk losing between 5 and 9% of net profit.

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Commercial business is and remains free to gain what terms and profit from business arrangements with other enterprises they can.

If one gets the milk for free, one is not going to buy the cow!

If governments won't or can't enforce copyright laws, they need to be replaced with others after a new broom sweep out.
Alan B.
Posted by Alan B., Friday, 15 March 2024 9:40:00 AM
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Commercial business is and remains free to gain what terms and profit from business arrangements with other enterprises they can.
Alan B,
Even to the point of not paying enough Tax & literal blackmail & extortion ? Or utterly unwarranted & overly generous Govt grants ?
Posted by Indyvidual, Friday, 15 March 2024 9:43:25 PM
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Some companies will always dodge tax, regardless of the tax laws. To overcome this, we need a transaction tax set at 15%. And offset buy whatever tax is actually paid, which could be a flat tax of 15%. Tax avoidance costs averaging 7% could therefore be returned to the bottom line. What we cannot do is allow those taking the bread out of the mouths of babes to virtually write our tax laws. All while a spineless government wrings hands or passes the burden onto those with the least.
Alan B.
Posted by Alan B., Saturday, 16 March 2024 2:46:11 PM
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> a transaction tax set at 15%. < That's how I wrote it before someone deleted part of it.
Alan B
Posted by Alan B., Saturday, 16 March 2024 2:52:26 PM
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buy should read, by.
Alan.
Posted by Alan B., Saturday, 16 March 2024 2:54:46 PM
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