The value of digital trade - EUbusiness Week newsletter 797 - EUbusiness.com

EUbusiness Week 797 top stories: Digital economy must gear up for EU tax reform; Landmark EU-Canada trade deal enters into force; EU to tighten financial sector supervision after Brexit; Innovation focus for EU’s new industrial strategy; Brussels to launch new cyber-security agency; State aid: EU approves alternative RBS plan

Publisher’s Note

Much of this week’s focus has been on both the opportunities and the threats of the fast-growing digital economy.

The EU Commission is mulling regulation to protect consumers against the many cyber dangers, and also to ensure fairness between online and traditional taxation regimes. However, it will be aware of the dangers of regulation that impedes growth or that could stifle the use of innovative technologies which can be of great benefit to consumers.
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Regards,

Nick Prag
Publisher, EUbusiness

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1. Digital economy must gear up for EU tax reform

The Commission has launched an agenda to reform taxation of online business, paving the way for a legislative proposal on EU rules for taxation of profits in the digital economy.
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2. Landmark EU-Canada trade deal enters into force

The Comprehensive Economic and Trade Agreement between the EU and Canada (CETA), which aims to boost goods and services trade and investment flows, entered into force provisionally on Thursday.
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3. EU to tighten financial sector supervision after Brexit

Proposed reforms to tighten the EU’s supervisory architecture for the financial sector are aimed at paving the way for further financial integration after Brexit.
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4. Innovation focus for EU’s new industrial strategy

A ‘smart, innovative and sustainable industry’ is the goal of the EU’s new industrial strategy, launched in the wake of last week’s ‘state of the Union’ address.
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5. Brussels to launch new cyber-security agency

The EU proposes to step up its cybersecurity capacity, with measures including a cyber-safety scheme and other tools to ensure Europe is better equipped to deal with cyber-attacks.
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6. State aid: EU approves alternative RBS plan

The EU has approved under EU State aid rules the alternative package proposed by UK authorities to replace the commitment for Royal Bank of Scotland to divest Williams & Glyn.
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EUROPEAN LAW

Foreign loans: banks lending in foreign currencies are under an obligation to provide sufficient information to enable a borrower to take prudent and well-informed decisions, the EU’s top Court ruled on Wednesday.
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Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions

Council Watch

Letter from President Donald Tusk to EU leaders ahead of their informal dinner in Tallinn – General Affairs and General Affairs (Art. 50) Councils of 25 September 2017 – EUCAP Sahel Mali: new Head of Mission
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Commission Watch

EU-U.S. Privacy Shield Review – Tax System for the Digital Single Market – humanitarian aid budget for education of children in emergencies – financial supervision for Capital Markets Union – forum of experts to overcome cross border obstacles – EU-Canada trade agreement into force – Syria crisis response – energy performance contracts in national accounts – response to cyber-attacks – free flow of non-personal data – Eurostat figures: Production in construction – stakeholders’ views on the future of EU finances
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Parliament Watch

Ireland must not pay the price for Brexit, says Guy Verhofstadt – Migrants in Tunisia/Libya: MEPs to assess migration management in the region – Intercontinental flights to stay exempt from paying for CO2 emissions until 2020
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EU diary

25-28 Sep: European Parliament Committee Meetings
25-29 Sep: European photovoltaic solar energy conference
27-28 Sep: EIP water conference on water innovation
27-29 Sep: Corporate R&D and innovation CONCORDi 2017
27-28 Sep: Conference on ethanol from lignocellulosis
27-29 Sep: East and West: civil societies in cooperation
27-29 Sep: 5th Europol/Interpol cybercrime conference
27-29-Sep: Lifelong guidance policy and practice
29-Sep: Single Resolution Board (SRB) conference
29-Sep: European Cybersecurity Month kick-off event 2017
The Week Ahead
Long-term diary