Facebook icon. (Photo: AFP/VNA) According to Vietnam News Agency correspondent in Sydney, Facebook technology group has paid 20 million AUD (about 16 million USD). Sales tax in Australia in 2020. Figures from the Australian Securities and Investments Commission show that in the 2020 financial year, Facebook has weathered the worst effects of the COVID-19 pandemic; Accordingly, the total advertising revenue of this group in Australia is AUD 712.7 million (about USD 570 million), higher than the figure of AUD 674 million in 2019. However, Facebook paid A$559 million to an overseas subsidiary for “ad resale,” causing net income 2020 is only 155.3 million AUD, lower than 167.1 million AUD in 2019. Accordingly, the company’s pre-tax profit was AUD 37.9 million. With this profit, the company paid 20 million AUD, compared with 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company has pay income tax in Australia at more than 30% under local tax laws. While the two “tech giants” Facebook and Google both recorded growth in 2020 in Australia, many local media companies had to cut costs and in some cases had to cut jobs due to advertising revenue. reported a drop of up to 30%. Facebook is currently actively negotiating with several Australian media outlets about paying for their news content to appear on Facebook’s Newsfeed feature. So far, Facebook has officially signed a contract with two major media agencies, Seven West Media and News Corp, and according to some sources, Facebook will sign an official agreement with Nine Entertainment Co within the next 2 weeks. . Facebook is also negotiating with Guardian Australia and national broadcaster ABC.

Facebook logo at headquarters in Menlo Park, California, USA. Photo: AFP/VNA According to the Vietnam News Agency correspondent in Sydney, data from the Australian Securities and Investments Commission shows that in the 2020 financial year, Facebook has overcome the worst effects of the recession caused by the COVID-19 pandemic and made a profit. Total advertising revenue in “Kangaroo country” was AUD 712.7 million (equivalent to USD 570 million), up from AUD 674 million in 2019. However, Facebook paid $559 million to an overseas subsidiary for ad inventory-related content, bringing the company’s net revenue to just $155.3 million. As a result, Facebook’s pre-tax profit was AUD 37.9 million, and with this profit, the company paid AUD 20 million (USD 16 million) in taxes, compared with AUD 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company paid income tax in Australia at rates above 30% under local tax law. While tech giants Facebook and Google both recorded growth in 2020 in Australia, many local media outlets have had to cut costs and in some cases cut jobs due to business reasons. Advertising revenue dropped by 30%. Facebook is currently actively negotiating with several Australian media companies about paying for their news content to appear on the social network’s Newsfeed feature. So far, Facebook has officially signed contracts with two major media agencies, Seven West Media and News Corp, and according to some sources, will sign a formal agreement with Nine Entertainment Co within the next two weeks. Meanwhile, negotiations with Guardian Australia and national broadcaster ABC are still ongoing.

News Corp Australia’s Executive Chairman Michael Miller just confirmed that the deals are complete. (Source: voz.vn) News Corp has confirmed it has formalized agreements with two technology giants Google and Facebook to pay for the use of news content of the corporation. This early year, major media companies Australia, including News Corp, Nine Entertainment Co and Seven West Media, reached non-binding agreements on the use of news content with Google and Facebook, after the Australian Parliament passed new legislation to compel the Big tech companies have to enter into negotiations with media companies on the issue. The money News Corp receives from Google and Facebook is not made public. News Corp Australia’s Executive Chairman Michael Miller just confirmed that the deals are complete. The move to Google services started last week with the News Showcase app and will continue over the next three months, Miller said. The transition to news publishing on News’s app Facebook will be underway next June. Earlier on May 7, Mr. Miller announced plans to recruit 100 more editors for local and regional news sites, mainly focusing on audio and video news and sports news. local news. The recruitment plan above reflects the strong recovery of News Corps Australia compared to nearly a year ago, when the group had to close more than 100 publications due to financial difficulties caused by the COVID-19 pandemic. . Last week on May 4, Australian Community Communications Group confirmed that it had signed an intent to cooperate letter with Facebook. The group had previously signed an agreement with Google to provide the content of more than 40 of its newspapers for the News Showcase service before. On May 3, media group Seven West Media also announced a 5-year agreement with Google and a 3-year agreement with Facebook. In February, the second largest media group in Australia Nine Entertainment signed an agreement with Google. According to information leaked on local media, the US technology giant will pay more than 30 million AUD (24 million USD) / year over the next 5 years to use news content published in Nine newspapers. Entertainment. The Guardian newspaper published in Australia has also reached a similar agreement with Google./.