The EU’s Member States have failed to agree on the introduction of a tax on revenues from digital services. But pressure from the European Commission, European Parliament and EU citizens indicate that this is not an issue that is going to disappear any time soon.
The EU is planning new rules to govern the relationship between online platforms and the businesses which use them to offer goods or services to consumers. These rules are aimed at online platforms and search engines which rank and present business users’ products to potential customers in search results, regardless of whether the commercial transaction ultimately takes place on the platform or not.
Governments and regulators are actively considering how competition policy should respond to the growth of the digital economy. A forthcoming report from the European Parliament provides an insight into the state of the debate in Brussels.
While discussions continue on the European Commission’s proposals for a harmonised Digital Services Tax, a number of different approaches to taxing online service providers and platforms is emerging across Europe. With the UK the latest EU country to consider going it alone, we look at who is proposing what when it comes to digital services taxes.
Yesterday the UK Government's panel conducting a review of competition in digital markets met for the first time at the Treasury in London. The terms of reference, which were published to accompany the meeting, provide initial questions that illustrate the breadth of this review and why the tech sector needs to take it seriously.
Distributed Ledger Technology (DLT), sometimes referred to as blockchain, is coming under increased scrutiny by policy makers in the EU institutions. We have produced a one page guide highlighting the key initiatives which companies using DLT should be following.
Innovation in the tech sector is moving at a rapid pace, and the companies driving these innovations are increasingly facing political and regulatory hurdles. Business leaders are at risk of being affected by outdated laws and hastily introduced regulations that negatively impact on their operations and growth prospects.
It is increasingly clear that we are reaching an inflection point in the digital revolution. The widespread digital optimism that has dominated the view of the public and policy makers for the past 20 years is being tempered by increasing concerns about the impact technology is having on our lives.
Jeremy Wright MP succeeds an unquestionably pro-technology Secretary of State for Digital, but his lack of previous interest in the sector may actually be a good thing for the tech industry.