Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive (part 2)

Read more

MEDIAWATCH

A thin line between fact-checking and propaganda in Gaza social media coverage

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FOCUS

Ireland's missing babies cast light on dark history

Read more

WEB NEWS

World Cup 2014: Germany-Brazil inspires the Web

Read more

THE INTERVIEW

Boutros-Ghali: 'I wanted to reform the UN'

Read more

IN THE PAPERS

57 000 little problems

Read more

IN THE PAPERS

The Sarkozy 'threat'

Read more

  • Video: Palestinians fear full Israeli military offensive in Gaza

    Read more

  • Video: Living in Tel Aviv, under threat of rocket attack

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

  • US prepared to negotiate Gaza ceasefire, Obama says

    Read more

  • French companies will have to accept anonymous CVs

    Read more

  • Ukrainian forces close in on Donetsk

    Read more

  • Germany asks US intelligence station chief to leave country

    Read more

  • UN chief Ban Ki-moon appoints new Syria mediator

    Read more

  • Video: Muslims in China confront obstacles to Ramadan fasting

    Read more

  • Tour de France passes WWI Chemin des Dames battlefield

    Read more

  • Senegalese man awarded French visa in gay marriage debate

    Read more

  • Argentina beat Netherlands on penalties to reach World Cup final

    Read more

  • Foiled French jihadist ‘targeted Louvre and Eiffel Tower’

    Read more

  • Obama in Texas to urge congressional action on child migrant crisis

    Read more

  • Iraq’s heritage 'in danger' from ISIS militants

    Read more

EU pushes its own 'Small Business Act'

©

Latest update : 2008-06-25

Brussels is proposing a special fiscal regime for small and medium-sized businesses. Such businesses make up 99% of European companies and amount to being the largest employer in the continent. (Analysis: C. Vanier)

The European Commission in Brussels unveils on Wednesday a raft of policy ideas to support small and medium-size businesses (under 250 employees).

The draft "Small Business Act", as it is known, would create a unique legal status for small businesses in Europe, such that companies created in one member-state could operate throughout the EU without hindrance. Under the Act, it would take only one week and cost just €1 to create a company.

Significantly, Brussels also recommends a law to insure that small businesses be paid faster. It is estimated that every year 450,000 jobs are lost because companies are paid too late.

The draft legislation requires approval by Europe's finance ministers. If they okay the proposal, it could come into force by mid-2010.

Date created : 2008-06-25

Comments

COMMENT(S)