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

COVID-19. (Courtesy of CDC).
Interior Health reports 12 additional COVID-19 cases

The total number of cases in the region is now at 644

A new walking path is the latest improvement at Vernon’s popular Sandy Beach. (RDNO photo)
New walkway added to Vernon’s Sandy Beach

The walking path is the latest improvement following an agreement between the regional district and OKIB

The Vernon School District reports 95 per cent of its students have returned to classrooms amid the COVID-19 pandemic. (Jennifer Smith - Vernon Morning Star)
Fewer local, more international students help cover Vernon School District’s $1.2M enrolment deficit

School district projected 13 fee-paying international students; 43 enrolled

Brian Shiosaki helps his neighbours by shoveling the sidewalk near his home in Rutland during a large snowfall in Kelowna Tuesday. (Carli Berry/Capital News)
Special weather statement in effect for Okanagan Valley

The Okanagan could see up to 15 centimeters of snow on Friday

Stacey Darren Alec pleaded guilty to three charges relating to child pornography at the Vernon law courts Wednesday, Oct. 21, 2020. (Caitlin Clow - Morning Star)
Guilty plea in child porn charges for Vernon man

The man in his 50s will appear for sentencing Nov. 9

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Colin James put on a great show at the Comox Valley Exhibition Grounds as part of the 2019 Vancouver Island MusicFest. But his Okanagan tour for 2020 has been postponed until 2021. (Photo by Terry Farrell)
COVID-19 cancels Corb Lund’s Vernon, Penticton, Trail, Cranbrook concerts

The Contenders, Colin James and Lund postponed until 2021

RCMP detachments across B.C. are now flying Pride flags. (Submitted photo)
Man who spent 4 days injured on floor rescued by Kamloops Mountie

The man is recovering in hospital after being rescued by a police officer conducting a well-being check

Vancouver police reactivated the search for Jordan Naterer Thursday Oct. 22. Photo courtesy of VPD.
Mom of missing Manning Park hiker believes her son is waiting to come home

‘He’s going to come out of a helicopter and say ‘what took you so long?”

Environment Minister George Heyman, Premier John Horgan and Energy Minister Michelle Mungall announce that B.C. Hydro is proceeding with construction of the Site C dam, Dec. 11, 2017. (Tom Fletcher/Black Press)
Site C actions, costs won’t be known until after B.C. election, Horgan says

Peace River diverted for construction of reinforced dam base

Five people with alleged ties to the Red Scorpion Gang are facing numerous charges. (Kelowna RCMP)
5 men linked to Red Scorpion gang charged with gun, drug offences in Kelowna

Police seized a machine gun as well as 5.5 kilograms of fentanyl and carfentanil

One of the squirrels who ended up having their tails amputated after getting them stuck together with tree sap. (Facebook/Wild ARC)
Squirrels recovering from tail amputation after sap situation near Victoria

BC SPCA Wild ARC says squirrels will be released back into wild, fifth sibling was euthanized

With snow already on the ground, preparations are underway to welcome back guests at Kicking Horse Mountain Resort for the winter season. (KHMR photo)
Kicking Horse Mountain Resort announces COVID procedures

The resort is set to open on Dec. 11.

Most Read