BUSI2034 Lecture Notes - Lecture 1: Execution Unit, Alphabeat (Album), Berlin Wall
Document Summary
European business is not one single entity. It is composed of big companies such as. Vodafone, bp, unilever, siemens and l"or al as well as 23 million unknown small companies. Small and medium-sized enterprises (smes) are often referred to as the backbone of the european economy. They represent around 99 % of all enterprises in the eu and the latest figures released from eurostat show that 9 out of 10 enterprises in the eu employed fewer than 10 people. Integrating one million refugees who arrived in europe in 2015. The re-introduction of border controls in europe make business more complicated. Massive document leaks eg. the panama papers may lead to new tax regimes. This might be good news for small companies. They do not benefit from current cross-border tax-avoidance schemes, but they need to compete with multinationals, some of which get away with paying less than 1 percent tax on their profits.
