Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-14-Speech-4-295-750"

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"en.20120614.22.4-295-750"2
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"The initiation of a single EU company law instrument encourages wider business cooperation between these companies and provides a clearer framework for the creation of new companies. As regards the issue of company operation, I believe that, at this point, we need to focus on proposing European accounting and auditing standards that simplify company formation and operation procedures, particularly in the case of SMEs, and apply consistently throughout the EU. It is well known that in some countries company formation procedures are time-consuming and costly, while in other countries they may take only one day and are significantly less expensive. Such discrepancies are unacceptable, given that we are aiming at economic unity at European Union level. At the same time, the simplification of procedures would also entail a reduction in the costs borne by SMEs for the preparation of elaborate financial statements, which, in turn, would be more easily understood and interpreted by stakeholders."@en1

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