Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-203"
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"en.20100308.19.1-203"2
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"Mr President, Commissioner, ladies and gentlemen, of course red tape must be cut, of course Europe must play its part, and of course this applies, in particular, to small and medium-sized enterprises (SMEs), which suffer the most as a result. Yet this does not mean we should throw the baby out with the bathwater.
Approval of the Commission proposal would give rise to differing annual reporting practices depending on the company’s place of establishment and perhaps also on whether its business consisted to a greater or lesser degree of intra-Community trade. In any event, this kind of rule would restrain the growth of small companies and constitute a barrier to cross-border operation.
In addition – and this fear has also been expressed by other MEPs in this House – the anticipated simplification would be replaced by other administrative burdens such as requests for information by tax administrations, potential credit providers and even trade unions; all seeking transparency. Nor should we forget that the enterprises themselves also need the insight into their own state of affairs that good accounting, sound annual accounts and good reporting can offer.
Although a reduction in burdens is anticipated, an increase is quite possible, and this is what the representative SME organisations in many countries and at European level fear. I share this fear. Therefore, with all due respect for the Commission’s good intentions and the work carried out by Mr Lehne and the Committee on Legal Affairs, I cannot support this report.
I do, however, support the calls in the opinion of the Committee on Economic and Monetary Affairs drawn up by Mr Sterckx for a comprehensive impact assessment ahead of the general revision of the Fourth Company Law Directive that has been announced to us. It has been announced for this year, and so this would not mean too much of a delay."@en1
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