EU Commission Says Sharing Economy OK with ‘Responsible’ Use

In efforts to make sure honest play, competitiveness, consistency and high quality, the European Fee stated the sharing economic system can show to be a possibility if “achieved proper”, contributing to jobs and progress if developed in a accountable method.

Following a year-long session, the Fee issued on June 2 steering to member states to assist make sure the balanced improvement of the collaborative economic system, which incorporates all the pieces from Airbnb and Uber to native property house owners and particular person proprietors.

Titled “A European Agenda for the Collaborative Economic system”, the Communication gives steering on how present EU legislation must be utilized, clarifying key points confronted by market operators and public authorities together with what sort of market entry necessities may be imposed, who’s liable if an issue arises, how does EU shopper legislation defend customers, when does an employment relationship exist, and which tax guidelines apply.

“A aggressive European economic system requires innovation, be it within the space of services or products. Europe’s subsequent unicorn might stem from the collaborative economic system,” stated Fee Vice-President Jyrki Katainen, chargeable for Jobs, Progress, Funding and Competitiveness.

“Our function is to encourage a regulatory setting that enables new enterprise fashions to develop whereas defending shoppers and making certain honest taxation and employment circumstances,” Mr Katainen stated, encouraging shoppers, companies and public authorities to have interaction confidently within the collaborative economic system.

EU states should evaluate and revise present laws based on this steering because the Fee displays developments in addition to traits on costs and high quality of companies, and identifies attainable obstacles and issues arising from divergent nationwide laws or regulatory gaps.

For particulars on the Fee’s European agenda for the collaborative economic system press right here.