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Family entrepreneurs expressly welcome the Commission’s approach to reducing red tape in the field of documentary requirements. In view of the new obligations created in the current parliamentary term and the reporting obligations that have already been initiated and are being implemented, the requirement for a 25 % reduction is undoubtedly too small.

Filed in German · English published by the European Commission

The European Banking Federation (EBF) welcomes the opportunity to put forward our comments on the European Commissions call for evidence on its initiative for the rationalisation of reporting requirements. The EBF is very supportive of all efforts for rationalizing and simplifying reporting requirements not only to improve the system but also helping to increase the competitiveness of EU businesses.

DIE FAMILIENUNTERNEHMER have for decades advocated an interest adjustment of the profit tax base with an indexed, increasing flat interest rate for the reasons mentioned above. In this respect, the initiative of the EU Commission presented in 2021 under the title DEBRA met with approval in principle from DIE FAMILIENUNTERNEHMER.

The EBF agrees with the over-arching goal of mitigating the tax induced debt-equity bias in corporate investment decisions to render financing more accessible to EU business and to promote the integration of national capital markets into a genuine single market. However, in order to promote economic growth and achieve the goals of the proposal, we recommend the following changes.