EU countries slap red-tape back on micro-entities

Measures designed to slash bureaucracy for micro-entreprises are set to be drastically diluted by EU countries after national governments blocked the proposals, fearing that they would make them less competitive as business locations.

The Hungarian EU Presidency is in the process of finalising a compromise on draft measures exempting micro-businesses from obligations to prepare annual accounts.

• Primary Source

European Commission: Strategy: Better regulation: why and how http://ec.europa.eu/info/strategy/better-regulation-why-and-how_en

EurActiv, 2.3.09: Commission cuts red tape for micro-enterprises http://www.euractiv.com/en/innovation/commission-cuts-red-tape-micro-enterprises/article-179842

European Commission: DG Enterprise and Industry: Policies: Administrative Burden Reduction: Better Regulation: high Level Group of Independent Stakeholders on Administrative Burdens http://ec.europa.eu/enterprise/policies/better-regulation/administrative-burdens/high-level-group/index_en.htm

ESO: Background information: EU urged to ease SMEs' access to finance http://www.europeansources.info/record/eu-urged-to-ease-smes-access-to-finance/

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