Summary
A European Parliament resolution addressing the economic importance and specific challenges of family businesses, calling for better support and a unified definition. 10 08.09.2015
Other
family
economy
taxation
social policy
equal treatment
business and competition
employment and working conditions
Key points
- Family businesses are a cornerstone of the European economy, representing 85% of all companies and providing 60% of private-sector jobs.
- There is a lack of a legally binding, harmonized Europe-wide definition for 'family business', which hinders data collection and policy making.
- The transfer of business ownership and management to the next generation is identified as one of the greatest challenges facing these businesses.
- National tax rules regarding inheritance and gifts should be reviewed to ensure they do not discriminate against equity financing or cause liquidity crises.
Documents (PDFs)
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