In the first of a series of five, this blog overviews the European Commission’s action plan for modernising European copyright. Background In May 2015 the announcement of the EU Commission’s Digital Single Market (DSM) strategy received much attention. Our DSM Watch team is a multi-jurisdiction, cross-practice group working together to keep you informed as the initiatives under the DSM strategy roll out. As part of the initiative’s first pillar “Better online access for consumers and businesses across Europe“, the DSM strategy outlined the Commission’s key areas for legislative action to create what it
If the Commission persuades the EU Parliament and Council to its views, EU-wide digital content portability for consumers will become a reality under a draft Regulation unveiled today and aspects of online contract law for consumers will be fully harmonised across the EU under two new Directives, drafts of which were also published today. This post outlines today’s publications. DSM Watch will be back very soon with more detailed analysis of the draft legislation and the policy communications.
The Organisation for Economic Co-operation and Development (OECD) has published its 2015 Digital Economy Outlook (“Report”), a survey of changes and opportunities in, and challenges arising from, the digital economy. The Report identifies three broad trends for member countries and their partners to focus on in digitising their economies: Realising the full potential of the digital economy Technological developments have fuelled the growth of trade in information and communication technology (ICT) manufacturing and services, but there opportunities for further growth. In particular, the OECD recommends that spectrum usage be planned
The emergence of a digital economy presents challenging tax questions. The non-tangible nature of the new technologies affects the ability of the tax authorities to successfully tax digital transactions and leads to a shortfall in fiscal revenue. Governments are therefore trying to reform their tax rules in order to be able to tax part of the profits made by digital companies. OECD Developments. At the international level, the OECD and G20 countries adopted in 2013 a 15-point Action Plan to address tax base erosion and profit shifting (BEPS), the number