The coalition government is preparing to submit a bill on Thursday which will include all the troika-mandated prior actions that need to be undertaken in order to collect the next bailout loan installment. If submitted for discussion on Thursday, the bill will be voted upon in early August.
Amongst others, the bill will include provisions that will abolish all third-party taxes, as the troika considers them to be remnants of a bygone era and skews the operation of the economy. The belief is that their abolition will allow free competition to take place.
The abolition is expected to mostly affect the supplementary pension funds of self employed and specialized professional sectors, some of which managed to cover their needs. This in turn may lead to necessary mergers. Amongst the third-party taxes to be abolished is a tax on advertising that went towards employee funds in the press.
