Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/09/328 (26.02.09) |
Publication Date | 26/02/2009 |
Content Type | News |
The European Commission has put forward a new proposal which would allow Member States to completely abolish financial reporting obligations for the EU's smallest companies. In a deteriorating economic climate, the new rules are designed to alleviate the regulatory burden on micro entities. The aggregate administrative burden reduction potential is estimated at around € 6.3 billion. The proposal, which was flagged in the European Economic Recovery Plan in November 2008, now passes to the European Parliament and the Council of Ministers for consideration. |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/328&format=HTML&aged=0&language=EN&guiLanguage=en |
Related Links |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |
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