Feds Say Online News Act Could Bring In Over $200M a Year From Tech Giants

Feds Say Online News Act Could Bring In Over $200M a Year From Tech Giants
The logos of mobile apps Facebook and Google on a smartphone on Dec. 9, 2020. The Epoch Times
Matthew Horwood
Updated:
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The Department of Heritage has announced proposed regulations to implement the Online News Act, which include estimates that the legislation could raise $172 million per year from Google and $60 million from Facebook.

“Those are estimates based on publicly available information and obviously the regulatory process is designed to be able to discuss this and consult with affected parties more openly and adjust the formula as needed,” a senior official from Heritage Canada said during a technical briefing on Sept 1.