Too much bureaucracy and taxes
Every fourth medium-sized company is considering going out of business
07/16/2023, 2:13 p.m
The chairman of the Federal Association of Medium-sized Businesses speaks of more than just a “warning signal”. According to a survey, 26 percent of medium-sized companies are considering going out of business. 22 percent are considering relocating abroad. Reasons for resentment abound.
According to a current industry survey, more than every fourth medium-sized company (26 percent) is considering giving up their own business. This is the result of a survey by the Federal Association of Medium-sized Businesses. More than every fifth medium-sized company (22 percent) is even considering relocating abroad.
Above all, the entrepreneurs feel inhibited by too much bureaucracy, almost a third of those surveyed stated excessive regulations as a restriction. More than a quarter see high taxes and levies as an obstacle. A good quarter of those surveyed also feel restricted in their business by the worsening shortage of skilled workers. “The results of our survey are more than just a warning signal,” said the association’s chairman, Markus Jerger, according to a statement. When home-bound, deeply rooted entrepreneurs think about giving up or moving abroad, “nobody can be left indifferent”.
Among the medium-sized companies surveyed, the desire for reliability and predictability with regard to the general conditions is very pronounced. In the survey, however, almost 40 percent gave the infrastructure in Germany a positive rating, and 36 percent praised the political stability.