Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-342-625"

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"en.20111213.26.2-342-625"2
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"I am pleased to see that the report just presented introduces enhancements to European legislation, a process I have been personally involved in for many years. In 2007, the European Commission identified 42 regulations in 13 priority areas representing something between EUR 115 and EUR 130 billion in administrative costs. It was on this basis that the action plan to reduce the administrative burdens for European enterprises by 25% by 2012 was approved in March 2007. Moreover, the European Economic Recovery Plan called on Member States and the EU to take immediate steps to reduce the administrative burdens for SMEs and micro-entities. On 29 February 2009, the European Commission prepared the proposed amendments to Directive 78/660/EEC on the annual accounts of certain types of companies. This was only the beginning of improvements. Today, we need more solutions, and those proposed by the rapporteur, which introduce exemptions for micro-entities, in accordance with the principle of ‘Think Small First’, are very appropriate. The justification for them should be the fact that 93% of Europe’s micro-entities do not engage in cross-border activity, and thus there is no need for harmonisation of accounting at their level. The remaining 7% may draw up such reports if their partners so require. I support the compromise amendment to Article 1 tabled by the rapporteur, which excludes micro-entities acquiring more than 10% of their overall profit from cross-border activities from the exemption. I agree with the changes proposed in the report. They are good news for approximately 5.2 million micro-enterprises across the EU, and a good step towards the creation of better and citizen-friendly EU law."@en1

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