Meta has accused Australia of violating the U.S.-Australia Free Trade Agreement due to Australia's proposed new tax on large tech companies that have not reached licensing agreements with local media, a move that will further escalate the five-year dispute between the two sides. The tech giant, which owns Facebook and Instagram and has a market capitalization of $1.6 trillion, claims that Australia's plan to impose a 2.25% tax on all platform revenues in the country, including those unrelated to social media, is 'indefensible' and goes beyond the scope of measures that have previously prompted a response from the U.S. government.
