Financial Authorities Need To Handle Innovative

February 15th, 2016

Fast procedures for the deferral of taxes and adjustments of advance payments Berlin, 26 February 2009 mid-sized economy (BVMW) requesting Federal Association the tax authorities and social security to a flexible and innovative approach to small and medium-sized enterprises on which accidentally got in trouble and where unexpected liquidity bottlenecks occur. A possibility would in simple and quick procedures, taxes and social security contributions temporarily to hours or to adjust advance payments. We suggest that all medium-sized enterprises and entrepreneurs get the right to suit the expected course of business tax payments. A reduction of the deposit for individual types of tax up to 25 percent should automatically be considered approved, further cuts would be to establish”, so BVMW President Mario Ohoven. The most effective and simplest measure, however, is the general tax exemption by retained earnings. Then the company could again under its own power invest, create jobs and build equity.

So already the economic miracle without foreign capital was funded. Anyway it is regulatory makes more sense to let the profits the companies rather than taxing them until and then to ailing companies as a State subsidy to distribute”Ohoven explains. These measures would change not revenue, safeguard liquidity but the company in the event of an emergency and make them less dependent on bank financing. An equally necessary and simple measure is also the deletion of the profit independent members from the trade tax. Currently, companies would have to pay taxes on lease, rent and interest expenses even if no profits. Should be such a change in the short term not nationwide can be enforced, a vote should municipalities be given immediately, whether they want to hold even in the crisis to gain independent control components. The fuse of the municipal economy serve also the stability of Communes. It is a task of local self-government, to control their commercial tax base flowing to and to the future of the companies at a glance.

“How important is the local factor for companies, confirmed the Langenfeld Mayor Magnus Staehler: the fact that in Langenfeld on all aspects of our site make sure strengthens the healthy mixture of medium-sized companies”. Because his city wins new thriving companies, the trade tax rates reduced sustainably. Directly to medium-sized companies nationwide innovation competitions should vary according to the BVMW. A fast and unbureaucratic tendering procedure would be more efficient and sustainable than subsidies for the ailing carmaker. An innovation competition for the 1 litre car, coordinated between federal and State Governments would ensure future export markets, that is not the case with pure conservation subsidies.

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