Delay for the multi-bill with prerequisites

The bill with ten provisions will probably come next week (on Friday, no bills are filed), since everything is ready and should be voted until early August the latest, as promised by Gikas Hardouvelis to Eurogroup and troika.

From one side the tax proposals of PASOK and from the other... the retreat of the government for the foreshore, which it attempted to "hide" in scattered provisions of various Ministries "covering" the urgency vote, as the subdose July is pending. The intervention of the Minister of Environment, Energy and Climate Change, Yiannis Maniatis, rocked the situation, as he said that "the environmental protection of Greek coasts requires no special bill to foreshore and beach, only specific and simple institutional arrangements, as a legal shield for hacking and reliable mapping of maps and charts".

"All in one"!

Characteristic is the "cue" of a strain of the economic team, who estimated that for days, a real race to collect as many provisions as possible is done by the other Ministries! The reason? By mid-September 600 prerequisites must be finished, an average of 10 a day! All these are major and minor, that troika isn't really interested in and lenders just want to see them voted. Next week's multi-bill will comprise of tax provisions up to funding of parties. Of course they will be "all in one", despite the fact that the choice of the second summer term wasn't accidental, since the majority is composed by new members, particularly of New Democracy.

Funds

The multi-bill will include a setting for the merger under the Unified Supplementary Insurance Fund of all Ancillary Funds. Also, the enactment will apply the clause zero deficit from 1.1.2015 for all funds that aren't currently included. This means they will give everything they have in the event of a shortfall in funds! This would also include the abolition of fiscal levy to fund their supplementary pension funds. The repeal will take effect from 1st of January 2015.

Tax

The law will attempt to clear the situation in tax issues (who owes), but will also include a provision which would exempt small businesses from the tax starting from 01/01/2015. For the last part, there is an agreement with troika with a disagreement on the amount of the turnover. It will also clarify the landscape in businesses and traders, as they will be obligated to declare a possible business interruption. There will also be provision for late tax returns with the system already opened to receive them and recognize that these taxpayers will be entitled deduct.

OECD List

From the multi-bill, the OECD list won't be missing, this time not for bread, milk and medicines, but for administrative burden in 13 sectors of the economy that have been identified. According to the report of the Agency huge administrative burdens and costs of more than 7 billion euros exist.

Financing parties

The "sweep" bill will contain provisions for the funding of political parties. The aim will be to fight corruption, as they say in the government headquarters, after having tracked assets, outside parties and parliamentarians. Through this framework, funding will be changed, after they realized that the current framework has reached the parties to owe hundreds of billions of euros, most of which are amounts due to banks, and on the rates of the last elections, they will never be paid!