Last October, the European Central Bank (ECB) announced that it was concluding the research phase of the Digital Europroject and moving on to its implementation. However, the questions of what impact the introduction of central bank digital currency (CBDC) will have on the financial market and whether it will benefit consumers still need to be answered.
July 3 marked an important stage in implementing the EU’s new big tech regulations under the Digital Markets Act (DMA). The European Commission started thresholds checks for large internet platforms that are considered to have a strong economic position and a large user base to impact the internal market.
On June 1, the European Commission approved Poland’s national recovery plan worth ca. EUR 35 billion. Ursula von der Leyen, has warned that money will be transferred only if Poland doesn’t fail to reach all “milestones” in granting judicial independence: abolishing the Disciplinary Chamber of the Supreme Court, rewriting its rules and allowing judges sanctioned or suspended by the chamber to have their cases reviewed.
The EU Commission’s (EC) spring forecast, demonstrating the expected real growth for 2022 and 2023 was published exactly a day before the preliminary data for growth in the first quarter of 2022.
At the end of 2021, the European Commission (the EC) released a “Proposal for a council directive on ensuring a global minimum level of taxation for multinational groups in the Union”.
We are yet to find out what the nitty-gritty of the EC’s proposal will be, but the general idea is to make people operating via digital platforms, such as ride-hailing drivers and food delivery couriers, reclassify as workers.
The European Commission is preparing a new regulation of internet companies called the Digital Markets Act (DMA). It is supposed to require or prohibit a number of activities from platforms, all under the slogan: “more fair, competitive and innovative business on the internet”.
Amazon is not only a large retailer, but also the creator of the digital marketplace. And on that marketplace, it allows other sellers to sell for a fee. And it also allows those who are interested to do something extra.
Last year, the European Commission came up with proposals to regulate digital services in the form of the Digital Markets Act, which has the potential to significantly change the way the internet works in the EU. We have, therefore, covered this topic more extensively and in more depth in two analyses.
Right before Christmas the EC presented a directive proposal targeting the profits of large multinational companies. The new rules propose imposing a minimum corporate income tax of 15% on large companies.
