Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-10-Speech-3-197"

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"Mr President, ladies and gentlemen, Parliament’s adoption of the Small Business Act in March 2009 kick-started a series of policy proposals geared towards making the business environment in Europe more SME-friendly, through administrative simplification, among other means. The abolition of the accounting system for what have been termed ‘micro-entities’ appears, at first glance, to be a major act of administrative simplification, but, given the importance of financial information to all stakeholders, including lenders, tax administrations and trading partners, this will, on the contrary, actually open the door to more red tape and higher costs. In addition, companies will be denied a useful tool for internal business succession. However, I support the Committee on Economic Affairs’ request that the impact of the meaning of any exemption granted to micro-entities be thoroughly assessed and placed in the framework of an overall review of the fourth and seventh directives. In my opinion, this proposal does not contain the instruments needed to tackle the issue of red tape effectively. For these reasons, I voted to reject the Commission’s proposal. Given that the report of my esteemed colleague, Mr Lehne, rests on the same principles as the Commission’s proposal, nor was I in a position to support his report, either. I look forward to the Council making a wise and well-considered decision."@en1

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