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OECD SME and Entrepreneurship Outlook 2019

image of OECD SME and Entrepreneurship Outlook 2019

The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.

This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.

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France

Although the cost for starting a business remains low in France, administrative burdens and procedures constrain entrepreneurial activities. Insolvency regimes could also be better designed for rehabilitating or liquidating firms. France Experiment was relaunched in 2018 in order to simplify legislative texts and administrative procedures. The 2018 Finance Bill introduces a major tax overhaul with a reduction of corporate tax to 25% by 2022 (stable rate at 15% for SMEs). The tax regime of microenterprises has also been simplified to benefit more entrepreneurs. A Plan for increasing the social benefits of self-employed was launched in 2017 with a view to encouraging firm creation. A new Justice reform (2018-22) also aims to simplify and accelerate court procedures.

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