A defining element of the digital economy is that services are provided for free to consumers. The quid pro quo is that the service supplier (for example, Google) can monetize the data generated by the consumer, often in ways in which the consumer is not fully aware. Based on this business model, future car manufacturers … More Connected cars: Navigating the competition law implications
It was supposed to be a bad year for biotech. For this sector, the simplest of truisms has always held: what goes up must eventually come down. Markets peaked in 2015 and declined in 2016; payer pressure and US election year rhetoric weighed on the sector; drug approvals fell sharply; and biotech companies faced a … More Beyond borders: Biotechnology report 2017 – Staying the course
In March 2017, the G20 Young Entrepreneurs’ Alliance (G20 YEA) and EY conducted a survey of the G20 YEA network of young entrepreneurs. The survey was distributed through G20 YEA country sherpas to the global G20 YEA network, through an online platform. A total of 243 young entrepreneurs provided responses to the survey. Read the … More Beyond disruption: Policy action to grow digital entrepreneurship
The second edition of the EY BaroMed report is a barometer for foreign direct investment across the “Euromed region.” The 28 countries that we include in this report as part of the Euromed region share a common history and are bound by mutual flows of trade, investment and migration. Read more here. In a world … More EY BaroMed 2017: Attractiveness of the Mediterranean, Middle East and Gulf region for foreign investment
The European Court of Justice (ECJ) has weighed-in on a long debated area of data protection law by ruling that the definition of personal data extends to dynamic IP addresses. In a ruling dated 19 October 2016 (ref.: C582/14), the ECJ found that dynamic IP addresses constitute personal data whenever the website host that processed … More EU: Court of Justice rules on dynamic IP addresses
First published on betterworkingworld.ey.com Blockchain is more than just a data security protocol — it could transform the way industries and individuals do business Blockchain and the proliferation of the Internet of Things (IoT) presents an important opportunity to revolutionize supply chains, payments and revenue streams. But there are several unknowns and a number of … More With blockchain, what comes first, opportunity or threat?
Despite current geopolitical and financial market volatility, investment plans into Europe over the next three years are strong, with 56% of global investors planning to grow their presence in Europe, according to the EY 2017 European attractiveness survey – Plan B for Brexit. This contrasts with the findings from the EY survey conducted last May, … More Strong global investment appetite into Europe despite geopolitical instability
First published to ey.com as a Global Tax Alert. OECD On 5 January 2016, the OECD updated the list of BEPS members to include Bermuda, Côte d’Ivoire and Kazakhstan, bringing the total Members in the inclusive framework to 94. As BEPS Members, these countries have committed to comply with the BEPS minimum standards contained in … More The latest on countries’ responses to the OECD’s BEPS recommendations
In a much anticipated speech on 17 January 2017, the Prime Minister, Mrs. May, announced the UK’s 12 priorities for Brexit negotiations. The resolution of the tension between maintaining access to the single market and controlling immigration had been a key unresolved political issue, as had the continuing membership of the Customs Union. The Prime … More UK Prime Minister outlines position in Brexit negotiations
This update summarizes recent developments relating to OECD BEPS, and how Luxembourg, Poland and Spain are introducing legislation in response. Read EY’s Global Tax Alerts for the latest in BEPS developments. On 2-3 November 2015, the OECD’s Task Force on Tax and Development met to review progress during 2015, including the latest on the OECD … More The latest on BEPS: how three jurisdictions are adopting new laws in response
