Sydney, April 29 -- Australia unveiled draft laws on Tuesday that would tax tech giants Meta, Google and TikTok unless they voluntarily strike deals to pay local outlets for news. Traditional media companies around the world are in a battle for survival as readers increasingly consume their news on social media. Australia wants big tech companies to compensate local publishers for sharing articles that drive traffic on their platforms. Prime Minister Anthony Albanese said tech giants Meta, Google and TikTok would be given a chance to strike content deals with local news publishers. If they refused, they faced a compulsory levy that amounted to 2.25% of their Australian revenue, he said. The changes aim to close a loophole under a previous m...