8 March 2007
Commission tackles red tape for small businesses
The European Commission has tabled three proposals aimed at reducing red tape for business. The proposals, which concern transport companies, small bakers, butchers and grocery shops and the merger or division of enterprises, are part of a package of fast track actions. In all the ten actions could save companies €1.3 billion a year in administrative costs and is part of a broader policy objective of the Commission to cut administrative burdens for enterprises on a European level by 25 percent by 2012. The proposals will now go to the European Parliament and the EU Council for adoption. At the same time the Commission will start a screening programme to look at cutting administrative burdens in another thirteen priority areas, including employment, taxation, agriculture and statistics. Commission Vice President Günter Verheugen, responsible for Enterprise and Industry policy, said: "The Commission is sticking to its promise to cut unnecessary administrative costs. Through minor changes that will not affect the level of protection, this package will substantially reduce paperwork and make life easier for entrepreneurs. By doing this in a speedy manner we show that we're serious about removing burdens for enterprises.'' Click here for further information.