UK opposition Labour proposes tax on tech giants in media shake-up

EDINBURGH (Reuters) – A Labour government would intention to shake up Britain’s media by levying a tax on massive tech corporations like Google and Facebook to assist fund public curiosity journalism, get together chief Jeremy Corbyn stated on Thursday.

Jeremy Corbyn, the chief of Britain’s Labour Party, visits the Alexander Dennis Bus Factory in Falkirk, Scotland, Britain August 20, 2018. REUTERS/Russell Cheyne

The tax would additionally assist fund the introduction of a digital BBC license charge to complement the present charge and scale back the associated fee for poorer households.

Without main modifications to Britain’s media sector a “few tech giants and unaccountable billionaires will control huge swathes of our public space and debate,” Corbyn instructed the Edinburgh TV Festival.

He appealed for daring considering to handle what he referred to as a public disaster of belief in media within the period of “fake news”.

“A digital license fee, supplementing the existing license fee, collected from tech giants and internet service providers, who extract huge wealth from our shared digital space, could allow a democratized and more plural BBC (British Broadcasting Corporation) to compete far more effectively with the private multinational digital giants like Netflix, Amazon, Google and Facebook,” he stated.

At the second, the BBC is funded by an annual charge, at the moment 150.50 kilos ($192) which everybody watching or recording stay TV packages has to pay. Last yr it introduced in round three.7 billion kilos.

Corbyn stated higher funding for the media would assist to assist public investigative journalism with out the stress of massive business pursuits.

His proposals come after France and Germany have pushed for U.S. expertise giants to pay extra tax within the European Union.

But in July, EU lawmakers opted to not take a troublesome line on an EU copyright overhaul aimed toward making tech giants share revenues with publishers, broadcasters and artists after a company lobbying drive.

Corbyn has steered Britain’s primary opposition get together to the left and he has had a tough relationship with its mainstream print media, a lot of which leans towards the political proper.

Reporting by Elisabeth O’Leary; enhancing by Stephen Addison

Our Standards:The Thomson Reuters Trust Principles.

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