Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-21-Speech-3-237"

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"en.20080521.20.3-237"2
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". The Commission communication on a simplified business environment for companies in the areas of company law, accounting and auditing sets out measures aimed at reducing the administrative burden on European companies and ensuring that they can compete effectively at global level. Not only do the Member States fail to take advantage of the optional measures to reduce bureaucracy, but they also often counter Community concessions through stricter national provisions, thus depriving local companies of the opportunity to simplify procedures pursuant to Union legislation. The Commission should therefore concentrate on encouraging Member States to harmonise classification of requirements concerning reporting in the area of financial information. It should also press Member States to adopt new technology in order to reduce costs. Furthermore, a solution involving establishing a common consolidated corporate tax base would render the European company statute more useful and effective. The proposal to exclude so-called micro-enterprises from the scope of application of the directives on accounting is also to be welcomed. In practice, this would mean exempting them from the requirement to keep accounts, submit an annual financial report and publish the reports required under European legislation. The proposed changes are certainly commendable. Nonetheless, further simplification of the Union’s in the area of company law and its effective implementation in Member States would seem essential, if European companies are to compete successfully on the ever more demanding global market."@en1
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