The digital economy accounts for 25 percent of global GDP today and as much as 50 percent of value creation going forward. To maximize the digital economy’s potential, policymakers must adopt effective rules and norms to facilitate trade in digital goods and enable the free flow of data, as GTIPA-member reports in this category explore.
Tax-Free Savings Accounts (TFSAs) have had great success over the past decade
Policymakers should seek to maximize the benefits of Internet openness while maintaining carefully designed guardrails that reduce the Internet’s most clearly harmful uses.The general openness of the Internet supports economic growth by increasing international trade, productivity, employment, and innovation.
The growing prevalence of digital services taxes has motivated an international effort, led by the OECD, to rewrite the global tax rules, with the goal of addressing how to levy taxes in the digital economy. The OECD proposals would be a dramatic policy shift, with long-lasting effects that could lead to higher and less efficient business taxes worldwide.
Europe must harness the power of digital innovation not just to increase economic growth and expand prosperity, but also to address important societal challenges related to the environment, public health, transportation, and other pressing concerns.
India’s growing capacity of satellite communication can be harnessed to meet the country’s communications demand in the future. However, it lacks a comprehensive policy that addresses the need for a dynamic commercial satellite communication system which can be achieved using satellite technology.
The Internet and digital technologies are transforming our world. The European Commission has identified that an efficiently functioning Digital Single Market could contribute €415 bln per year to our economy and create hundreds of thousands of new jobs Starting from an analysis on the Junker Commission’s Digital Singe Market Strategy, the I-Com Study assesses of the steps undertaken by the EU during the last institutional cycle, particularly focusing on the following issues: Digital Networks and 5G, Data-driven Innovation, Artificial Intelligence, Smart Consumers and Cybersecurity.
While the rapid increase in data flows has contributed to growth and socio-economic transformations, it has also amplified policy questions related to anti-trust conduct, inequality, privacy, data security and surveillance. This report builds on the recent literature on data localisation to provide a reflective view on the economic implications of the existing and proposed localisation measures in India.
Today, data is produced at an unprecedented scale and speed. It is copied and transferred at zero cost in real time and has become a basic tool used in every government department. Yet government agencies remain reluctant to share the data they hold with other agencies. This paper looks at why data sharing is important, how it can be achieved, the opportunities of big data for the public sector, the main barriers to adoption, and policy conclusions for further work.
A national framework for digital economy rules would ensure the same protections for all U.S. residents, minimize transaction costs for businesses, enable opportunities to innovate, and increase efficiency in the policy making process.
The digital tax is coming to Austria - at least for the time being. The damages of a digital tax would be immense, hitting consumers and companies the hardest. (Article available in German)