Greece Will Draft a New Tax Bill

Greece has finally unveiled a new draft tax bill’, welcomes analyst Lambros Papadopoulos, ‘beyond the tougher tone on tax evasion there are positive changes in corporation taxes, notably on the dividends front… another important change is the temporary increase in the sales tax on stock market transactions from 15bp to 20bp - a negative for market activity… still, in general, the new bill should boost EPS – rerate parts of the market – in some cases by up to 40%… the net DPS impact will likely be less significant (at 5%)… and, at this juncture, it appears OPAP is the most obvious beneficiary from the new bill’.