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The European Family Business Summit

On the 25th of November, Berlin was the setting for the first European Family Business Summit. 220 Family business entrepreneurs from 14 European Union countries joined together to discuss salient political and business topics facing family businesses across Europe.

Angela Merkel delivered the closing address where she underlined the positive social and environmental contribution of family business provide the European economy.

Europe’s family businesses optimistic, but challenges on the horizon

EFB and KPMG launch the third edition of the European Family Business Barometer, which seeks to measure the confidence levels of family-owned businesses across Europe.

The outlook for family business remains positive, with confidence remaining stable at 70% (compared with 71% in June 2014). However, as was the case in the 1st and 2nd edition, the decline in profitability continues to be the one of the primary concerns for family businesses (cited by 47% of respondents), representing an increase of 9% over the last twelve months.

Global Family Business Survey 2014

A new KPMG Global Family Business Survey 2014 'Family matters: Financing Family Business growth through individual investors' examines the various possible sources of funding for family business, and explores in detail the synergies between HNWIs and family business.

German Inheritance set to change for Family Entrepreneurs

On the 17th of December the German Federal Constitutional Court ruled that certain elements of the inheritance tax exemptions granted to family businesses are unconstitutional. Consequently, the government have been given until mid-2016 to redraft the rules.