On May 25, 2016 the European Commission adopted a proposal for a Regulation to combat geographical blocking practices (geo-blocking) as part of its strategy to achieve a Digital Single Market. The three main objectives of this initiative are: to ensure that consumers and enterprises have better access to goods online; to create an environment in which digital networks and services can prosper; and to take advantage of the possibilities offered by the digital industry with a view to boosting economic growth.
On March 16, 2018, the OECD published an interim report addressing the tax challenges of the digital economy. This report, which, for the moment, highlights the absence of true international agreement on the matter, lays the groundwork for moving towards a consensus-based solution by 2020. In the meantime, the report cites the drawbacks of taking more immediate action (taxes on certain digital activities) and argues that any such measures should only be applied to a limited number of businesses.
One of the challenges a business association faces in the early stages of its creation and development is how to attract and retain high-potential employees, known as “key people,” in today’s strikingly competitive labor market. This is particularly difficult for those recently-launched endeavors on a tight budget.