Pro­tected bank ac­count plan falls through

Kathimerini English - - Focus - PROKOPIS HATZINIKOLAOU

The gov­ern­ment and the coun­try’s cred­i­tors are seek­ing ways of per­suad­ing en­ter­prises to in­stall pointof-sale ter­mi­nals and use them for most of their trans­ac­tions with cus­tomers.

This de­vel­op­ment sug­gests that the gov­ern­ment has aban­doned its plan – an­nounced by the prime min­is­ter no less – for the cre­ation of cor­po­rate bank ac­counts pro­tected from confiscation, as the heads of the cred­i­tors’ mis­sions had been against it since the pro­posal was tabled in ne­go­ti­a­tions.

Alexis Tsipras’s other pro­posal, re­gard­ing the vol­un­tary dis­clo­sure of hid­den in­comes, ap­pears to have been agreed to by the cred­i­tors, but with par­tic­u­larly high tax rates start­ing from 50 per­cent.

Upon the ar­rival of the heads of the cred­i­tors’ rep­re­sen­ta­tives in midNovem­ber (or even ear­lier, as tech­ni­cal ne­go­ti­a­tions are on­go­ing), the reg­u­la­tions on card pay­ments, the vol­un­tary dec­la­ra­tion of in­comes and the new as­set reg­is­ter will be tabled in Par­lia­ment so that they can be im­ple­mented as of Jan­uary 2017.

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