Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-10-22-Speech-3-256"

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"en.20031022.10.3-256"2
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"Mr President, Commissioner, ladies and gentlemen, I studied business management for five years and during that time, I identified one precept as the guiding principle for my entire course of study, and it is this: at the end of the year, you must be in the black. That means that the company must be in credit, but it also means being in the black yourself, in the interests of your family and your own self-esteem. I worked as a blacksmith for fifteen years, and during that time, I learned that it is not just a matter of being in the black; the most important thing is by how much you are in credit. In other words, how much equity can you build up in the company? Is your family happy with the income you have achieved, and how much provision for the future can you make through your own efforts? In reality, when considering entrepreneurs’ income, we must distinguish three separate factors. First of all, there is the fair wage for the work. If someone is working 40, 50, 60 or 80 hours a week, a fair wage basis must be applied. I think that in this respect, the entrepreneur should be treated the same way as an employee, in that the minimum wage should always be tax-free. The entrepreneur has invested capital. The Green Paper says nothing about the fact that equity should really be interest-bearing and how it should be taxed. Ultimately, the entrepreneur bears the risk, the risk of the many liabilities he has to assume. But nor does the Green Paper mention the liabilities which entrepreneurs have to assume today as a result of the ‘ ’. What is needed here, therefore, is a fair assessment of performance, and here we need the Competition Council, which will make it possible, quite simply, to shape these fair competition conditions in future."@en1
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