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

santa.
Morning Start: Santa Claus has an official pilot’s license

Your morning start for Wednesday, Dec. 2, 2020

A woman wearing a face mask to curb the spread of COVID-19 uses walking sticks while walking up a hill, in New Westminster, B.C., on Sunday, November 29, 2020. THE CANADIAN PRESS/Darryl Dyck
Interior Health reports 83 more COVID-19 infections overnight

46 cases are now associated with a COVID-19 community cluster in Revelstoke

Robert Gibson, born November 24, 2020 is in BC Children’s Hospital. Photo contributed
Princeton baby fights for his life, with parents at his side

A Go Fund Me campaign has been started to help family with expenses

Mona Fortier, Minister of Middle Class Prosperity, speaks with North Okanagan-Shuswap MP Mel Arnold during a Greater Vernon Chamber of Commerce breakfast Monday, March 2 at Eatology. (Jennifer Smith - Morning Star)
Despite $381.6 B deficit, better days are coming: Minister of Middle-Class Prosperity

“We want Canadians to know that we’ve got their backs”

By this time next year, the BC Green Pharmadeuticals cannabis growing facility in Princeton is expected to employ at least 150 people, according to the owner. (File photo)
Princeton cannabis plant thriving despite lawsuit and bad press, says owner

Company expects to hire 30 more employees in the next two months

A tongue-in-cheek message about wearing a face mask to curb the spread of COVID-19 on a sign outside a church near Royal Columbia Hospital, in New Westminster, B.C., on Sunday, Nov. 29, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C.’s COVID-19 infection count climbs back up to 656

20 more people in hospital, active cases still rising

A happy, well-fed bear cub plays in the grass in northern B.C. (John Marriott photo)
Bear witness: Shuswap’s John Marriott offers intimate look at black, polar and grizzly bears

Sarah Elmeligi and Marriott’s What Bears Teach Us explores bear/human co-existence

Send your letter to the editor via email to news@summerlandreview.com. Please included your first and last name, address, and phone number.
LETTER: Wear a mask for the benefit of all

If this virus latches onto one of your cells, it takes over the RNA and DNA and makes you sick

A teacher places the finishing touches on the welcome sign at Hunter’s Glen Junior Public School which is part of the Toronto District School Board (TDSB) during the COVID-19 pandemic in Scarborough, Ont., on Sept. 14, 2020. THE CANADIAN PRESS/Nathan Denette
Hindsight 2020: How do you preserve a year many Canadians would rather forget?

Figuring out how to preserve the story of the pandemic poses a series of challenges

Haley Callison. (Facebook photo)
Former B.C. pro hockey player frustrated with COVID-deniers after horrific bout with virus

Haleigh Callison hopes people will follow precautions and tone down the rhetoric

A man stands in the window of an upper floor condo in Vancouver on March 24, 2020. THE CANADIAN PRESS/Darryl Dyck
Change made to insurance for B.C. condo owners amid rising premiums

Council CEO Janet Sinclair says the change will mean less price volatility

The Walking Curriculum gets students outside and connecting with nature. (Amanda Peterson/Special to S.F. Examiner)
‘Walking Curriculum’ crafted by SFU professor surges in popularity

The outdoor curriculum encourages students to connect with the natural world

Brent Ross poses with his dog Jack who died over the weekend after asphyxiating on a ball. Ross hopes his experience serves as a cautionary tale to other dog owners. (Contributed)
Salmon Arm man warns others after dog dies from choking on a ball

Brent Ross grieving the sudden loss of Jack, a healthy, seven-year-old chocolate lab

This year’s Candlelight Vigil, United Against Violence Against Women, on Dec. 6, 2020 will not be in person at the campuses of Okanagan College due to COVID-19, but people will be able to gather online to watch a video presentation and light a candle in remembrance. (Image contributed)
Violence against women in North Okanagan-Shuswap to be remembered online

Participants in virtual vigil Dec. 6 asked to light a candle and post photo on social media

Most Read