Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-195"

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"Mr President, as a rule, I am delighted when the European Union abolishes rules from time to time, as there are already far too many of them, and they are a burden on both citizens and enterprises. Yet let us choose the right ones, for example, the procurement rules that are unnecessarily imperative and complex. The obligation to publish annual accounts, on the other hand, is not the kind of rule we should be abolishing, even for the very smallest enterprises (micro-entities). Without sound, transparent financial administration, enterprises cannot obtain credit, and doing business in general becomes substantially more difficult. I understand from sources in the field that financial administration is often a problem among micro-entities. If annual accounts are no longer compulsory and thus lost as a source of information, the only remaining possibility is to request the documents prepared for tax purposes. Yet who will guarantee that these are just as reliable as certified annual accounts? Establishing their reliability objectively would mean auditing 100% of tax returns at all times, involving the handing over of all the supporting documents. This is just what tax administrations and small entrepreneurs alike can do without. Therefore, I agree with the Committee on Economic and Monetary Affairs when it proposes rejection of the Commission proposal. The measure concerned is one to which many small enterprises could fall victim, and that is something this House would not want on its conscience now of all times, when small and medium-sized enterprises are so badly needed to provide jobs."@en1
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