Gov. Gen. Julie Payette delivers the throne speech in the Senate chamber in Ottawa on Wednesday, Sept. 23, 2020. THE CANADIAN PRESS/Adrian Wyld

Gov. Gen. Julie Payette delivers the throne speech in the Senate chamber in Ottawa on Wednesday, Sept. 23, 2020. THE CANADIAN PRESS/Adrian Wyld

Ottawa’s plan to rein in tech giants missing key pieces: experts

Feds say web giants are taking Canadians’ money while imposing their own priorities and that must change

The Liberal government unveiled a plan to rein in tech giants in its throne speech this week, but experts say there is much more that should be included.

The government says web giants are taking Canadians’ money while imposing their own priorities and that must change.

It wants to address corporate tax avoidance by digital giants, ensure their revenue is shared more fairly with Canadian creators and require tech companies to contribute to the creation, production and distribution of Canadian stories.

Bob Fay, the managing director of digital economy at the Centre for International Governance Innovation, says the government should consider what it can do to counteract how tech giants take consumer data, aggregate it and use it to build entrenched market positions that are hard to challenge.

He says the government has long allowed tech giants to operate by their own rules and it’s time to introduce some measures to end that self-regulation.

Jim Balsillie, the founder of BlackBerry and chair of the Council of Canadian Innovators, says in an email to The Canadian Press that the country needs updated tax rules, but first, the focus should be on separating tax avoidance from tax strategies.

He says Canadian high-growth tech firms use stock options as a key part of their compensation strategies and he fears if the government isn’t methodical in its plan, it could leave companies with fewer options to compete on the global stage.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

federal government

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The Premier Hotel on Summerland’s Main Street and the taxi were owned by Bill and Lydia Johnston. Today, the building is Sass Fashions in Summerland. H.S. Kenyon, who moved the building to Summerland from Midway, continued with building construction. His family now operates Greyback Construction. (Photo courtesy of the Summerland Museum)
Two former Summerland hotel buildings have been moved over the years

Transport of buildings is part of community’s history

Interior Health update. File photo.
86 new COVID-19 cases, two more deaths in Interior Health

The new deaths are from Heritage Square, a long-term care facility in Vernon

Sickle Point as seen from the air. (Kaleden Community Association - David Mai)
Second town hall for Sickle Point on Jan. 27

The first town hall was cut short due to technical issues

Nate Brown photo
Okanagan-Shuswap says goodbye sunshine, hello winter

Temperatures are forecasted to drop by mid-next week

Keith the curious kitten is seen on Nov. 4, 2020 at the Chilliwack SPCA. Friday, Jan. 22, 2021 is Answer Your Cat’s Questions Day. (Jenna Hauck/ Chilliwack Progress file)
Unofficial holidays: Here’s what people are celebrating for the week of Jan. 17 to 23

Answer Your Cat’s Questions Day, Pie Day and International Sweatpants Day are all coming up this week

Seasonal influenza vaccine is administered starting each fall in B.C. and around the world. (Langley Advance Times)
After 30,000 tests, influenza virually nowhere to be found in B.C.

COVID-19 precautions have eliminated seasonal infection

Prime Minister Justin Trudeau listens to a question during a news conference outside Rideau cottage in Ottawa, Friday, January 8, 2021. THE CANADIAN PRESS/Adrian Wyld
Trudeau says Canada’s COVID vaccine plan on track despite Pfizer cutting back deliveries

Canadian officials say country will still likely receive four million doses by the end of March

Jobs Minister Ravi Kahlon shared a handwritten note his son received on Jan. 13, 2021. (Ravi Kahlon/Twitter)
Proud dad moment: B.C. minister’s son, 10, receives handwritten note for act of kindness

North Delta MLA took to Twitter to share a letter his son received from a new kid at school

Lilly and Poppy, two cats owned by Kalmar Cat Hotel ownder Donna Goodenough, both have cerebellAr hypoplasia, a genetic neurological condition that affects their ability to control their muscles and bones. Photo by Alistair Taylor – Campbell River Mirror
VIDEO: Wobbly Cats a riot of flailing legs and paws but bundles of love and joy to their owner

Woman urges others to not fear adopting cats with disabilities

A COVID-19 outbreak at Vernon's Heritage Square long-term care home has claimed seven people. (Jennifer Smith - Morning Star)
Two more COVID-19 deaths at Vernon care home

Heritage Square has now lost seven people due to the outbreak

Chief public health officer Dr. Theresa Tam provides an update on the COVID-19 pandemic in Ottawa on Friday, Jan. 8, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Canada’s top doctor says to avoid non-essential travel as B.C. explores legal options

Premier John Horgan says he is seeking legal advice on whether it can limit interprovincial travel

(Big White Ski Resort photo)
13 more cases of COVID-19 tied to Big White Mountain cluster

This brings the total case count to 175, of which 32 cases are active

RCMP on scene at a home on Sylvania Cres. (Phil McLachlan /Capital News/FILE)
Two Kelowna men arrested after Rutland home invasion

Two Kelowna men, including a prolific offender, facing slew of potential charges

Most Read