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

Nanaimo RCMP patch
Domestic violence on the rise in Port Alberni

COVID-19 still affecting domestic violence stats, says Alberni RCMP’s top cop

Emergency crews respond to an apartment fire on Tuesday, Oct. 20. (PHOTO COURTESY JERRY FEVENS)
Port Alberni RCMP investigate possible arson

Fire was contained but three people displaced in aftermath

Graham Hughes, front, who ran as an independent candidate in the B.C. provincial election, sits with half a dozen supporters in front of Our Home on Eighth shelter, where Hughes is protesting the way homelessness has been dealt with in Port Alberni, on Sunday, Oct. 25, 2020. (SUSAN QUINN/ Alberni Valley News)
Protesters occupy Port Alberni’s shelter

Former election candidate leads sit-in outside to protest homelessness

Josie Osborne and her campaign team watch the results roll in during B.C.’s provincial election on Saturday night. (Photo courtesy of Josie Osborne)
Tofino expected to wait until New Year to elect new mayor after Josie Osborne wins provincial seat

Josie Osborne is the West Coast’s new MLA and that means Tofino needs a new mayor.

FILE – Provincial Health Officer Dr. Bonnie Henry provides the latest update on the COVID-19 pandemic in the province during a press conference in the press theatre at Legislature in Victoria, B.C., on Thursday, October 22, 2020. THE CANADIAN PRESS/Chad Hipolito
B.C. shatters COVID-19 records with 817 weekend cases; masks now expected indoors

Three people have died over the past three reporting periods

The ‘new normal’ for hockey parents in Chilliwack and elsewhere in B.C., watching their kids from outside of the arena due to COVID-19 protocols. (Submitted photo)
Chilliwack hockey parents petition to be let back in the arena

Refused access due to pandemic protocols, parents are now applying pressure to loosen the rules

Aaliyah Rosa. File photo
Crown says murder of B.C. girl, 7, by accused mother was planned, deliberate

The trial of KerryAnn Lewis began Monday in New Westminster

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Commissioner Austin Cullen listens to introductions before opening statements at the Cullen Commission of Inquiry into Money Laundering in British Columbia, in Vancouver, on February 24, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. money laundering inquiry hears of $800,000 and more in bags, luggage, backpacks

The lottery corporation has said it consistently reported suspicious transactions to Fintrac

Some of the characters in the League of Legends video game. (Photo: na.leagueoflegends.com)
E-sports trial at B.C. high schools to start with ‘League of Legends’ team game

For fall launch, Vancouver’s GameSeta company partners with BC School Sports

Most Read