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EU Proposal Targets US Digital Firms with Revenue Tax
February 28, 2018
Politico reports that, according to a draft report, European Commission officials are proposing a "short-term" scheme targeting large companies in the digital industry - most located in the US - with a new corporate tax based on revenue that would be redistributed proportionally to countries across the EU.
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UK Seeks Flexible End Date to Brexit Transition
February 21, 2018
Politico reports that, according to a document prepared by the British government, UK officials are seeking a flexible end date for a post-Brexit transition period, during which the UK remains subject to EU rules, based on how long it takes to "prepare and implement the new processes and systems" underlying the future UK-EU relationship.
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EC Plans for Northern Ireland to Remain in Customs Union
February 15, 2018
Politico reports that the European Commission's chief Brexit negotiator Michel Barnier has ordered the preparation of a draft legal text providing that Northern Ireland, which is part of the UK, will remain in the EU customs union after Brexit, in the absence of "clarity" from the British government on the issue of the region's status.
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EC Plans Global Application of Data Rules
February 15, 2018
David Schrieberg writes that the European Commission (EC) is planning to apply its General Data Protection Regulation (GDPR), coming into force in May this year, to foreign companies providing goods and services to citizens of EU member states and to ensure future trade and investment deals require compliance with the GDPR.
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EU Officials Plan for Lengthy Brexit Transition
February 15, 2018
Reuters reports that EU officials involved in negotiations over the UK's departure from the bloc believe that a planned transition period after Brexit during which Britain would remain subject to EU rules and potentially to judgments of the Court of Justice of the EU is likely to last significantly longer than the two years proposed by UK leaders.
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