Australia is proposing to tax digital giants Meta, Google and TikTok on a part of their revenue to pay for news reporters. The government released draft legislation Tuesday that it intends to introduce to Parliament by July. It would create a financial incentive for the social media companies to strike deals with news organizations to pay for journalism. The platforms’ have said the proposal was a “digital services tax” that misunderstood the evolving advertising industry and would fail to deliver a sustainable news sector. Australian Prime Minister Anthony Albanese says a monetary value needs to be attached to journalists’ work.