According to the 2019 International Tax Competitiveness Index (ITCI) rankings, Estonia holds the most-competitive position for the sixth year in a row, while France ranks at the bottom of the index.
Libra, the new private digital money system sponsored by Facebook and a consortium of other firms, was announced on 18th June 2019, and officially aims to reduce certain inefficiencies in the remittance industry.
Free market liberals will have shuddered at the news that European Commission officials have drawn up far-reaching plans for a new €100 billion fund to promote European technology giants.
The Epicenter Nanny State Index is a league table of the best and worst places in the European Union to eat, drink, smoke and vape. Finland tops the table as the least free country. Germany is the freest country.
The new EU-Mercosur Agreement only superficially rejects protectionism. As much as it liberalises trade, it also protects European defensive interests and extends the EU’s regulatory influence, to the detriment of Mercosur producers and European consumers.
The Directive on Copyright in the Digital Single Market (the “Directive”) is back. The issues with the Directive were described in our September 2018 briefing The Copyright Directive – The EU Battles the Internet.
On 20th December, the European Commission launched a (relatively brief) consultation on moving from unanimity to qualified majority voting (QMV) in the Council on certain tax issues. The public consultation closes on the 17th January, with “indicative planning” to be carried out this quarter.
The Employment Flexibility Index of LFMI quantifies a great divergence in employment regulations between EU countries. Of the 41 countries included in the index (EU and OECD countries), Denmark and the United States were ranked as having the most flexible labour regulations, while France and Luxembourg were ranked last.