Sharing economy: What challenges and opportunities for Europe?

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With collaborative platforms and providers such as Uber and Airbnb booming across Europe, sharing economy is quickly establishing itself as a new, successful business model. It has a great potential for increased competition, consumer choice and job opportunities. However, the blurring of lines between producers and consumers is raising concerns about the liability, taxation and administrative regimes they should be subjected to.

The EU therefore faces an increasing number of challenges to regulate these new businesses while also providing them the opportunity to grow and contribute to European economic development. The European Commission’s new guidelines and the European Parliament’s position on the new Digital Single Market are a first step in this direction.