20092019Headline:

ESEE calls for rationalised tax system, simpler processes for starting new business

Coordinated, bold moves are needed “to escape the vicious cycle of the crisis,” said the president of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) Georgios Karanikas, during a Monday meeting with Prime Minister Kyriakos Mitsotakis.

Karanikas said “we believe that the political will for the necessary reforms to proceed is there,” and added that “there is a need for an overall plan to rebuild the economy, which will go through a strong private sector and a state that will be a support rather than an obstacle to business. We are optimistic about the future and are here to contribute to such an effort.”

The ESEE president also called for the rationalisation of the tax system and tax burdens generally, the establishment of functional debt settlement schemes and the adoption of a stable tax code.

Karanikas referred to the need to enhance market liquidity and improve access to financing for small- and medium-sized enterprises (SMEs) by adopting a long-term strategy for the development of SMEs, as a driving force for innovation and economic growth.

The simplification of bureaucratic procedures for starting a new business was also referred to as essential by Karanikas, as was the need to improve the general economic climate, in view of a desired improvement in “the psychology of both entrepreneurs and consumers.”