Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-10-Speech-3-185"
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"en.20100310.19.3-185"2
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"The adoption of this report by a large majority indicates the concern we need to have for small and medium-sized enterprises. At the moment, 5.4 million micro-enterprises are obliged to compile annual reports, even though their area of activity is limited to a particular local area or region. If these companies are not involved in cross-border activities or do not even operate at national level, this reporting obligation only serves to create a pointless administrative burden, thereby incurring costs for these commercial companies (approximately EUR 1 170).
This is why this report is recommending that Member States waive the annual reporting obligations for commercial companies which meet two of the following criteria for consideration as micro-enterprises: total assets must be less than EUR 500 000, the net turnover amount must be less than EUR 1 million and/or they must have an average of 10 employees throughout the financial year. Micro-enterprises will obviously continue to keep accounting records, in accordance with the national laws of each Member State.
During the current crisis which Europe is going through, the private sector made up of small and medium-sized companies (including, therefore, micro-enterprises) must be encouraged, while also being regarded, in this difficult climate, as an area for absorbing the workforce made redundant by the state or private corporate sector."@en1
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