Despite Brexit, we are trying to move forward and keep working on other initiatives that would help European companies to expand their businesses. In June, I organised a breakfast debate with the European Internet Forum to discuss taxation in the digital economy.
It is estimated that even though the sharing-economy now contributes only EUR 28 billion to the EU economy per year it can grow to up to EUR 572 billion per year. In order to use as much potential as possible, both the EU and its Member States have to implement a regulatory model that is flexible and applicable to different business models.
A lot people look to the United States as a role model. But I think it’s important to try to seperate out what’s good about the U.S. that you want to copy and what’s bad about the United States that you do not want to copy. And that can be challenging.
We have the pleasure to present you the fifth issue of the 4liberty.eu Review. This time, we have decided to devote our magazine to the topic of the sharing economy at large from the point of view of the Central and Eastern European states in an attempt to become a guiding light on the matter. Sharing is Caring!
The article analyses the present state of regulation of accommodation and taxi services in Slovakia. We then briefly describe the arrival of sharing economy platforms such as Uber and Airbnb into Slovakia. We present our recommendations for changes in the public regulations.
Sharing and digital economies usually thrive together in happy symbiosis. Digitalization, easy access to the Internet, apps and smartphones made sharing behaviors easier, and provided a platform for buyers and sellers to find each other. The question of the digital and sharing economy is not a purely economic or legal one.
Regulation of the commercial business sphere by the government is a relatively hot topic these days. According to a new study by Coffey, McLaughlin and Peretto (2016), the current GDP of the US would be 25% higher if federal regulation had not increased since the 1980s.
The Commission’s recommendation is rather supportive towards the collaborative economy in general due to its innovativeness and potential to create jobs. A part of these suggestions is aimed at policy makers: “Absolute bans and quantitative restrictions of an activity normally constitute a measure of last resort”.
One of the key advantages of a sharing economy is that it brings such positive features of the Internet as the instant matching of supply and demand or the availability of information on every participant through the process of individual reviews and references into real everyday life.
The first sharing economy businesses appeared in Lithuania only a couple of years ago. Therefore, there is not enough economic data to evaluate how significant it has been to the Lithuanian economy. The sectors that the sharing economy business models emerge in are rather different and completely separated.