Today: November 24, 2024
November 7, 2024
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Private financing of political parties in debate

Comisión de Constitución

The doors are open for the entry of illegal money into electoral campaigns. To put an end to this situation, the National Office of Electoral Processes (ONPE) presented, weeks ago, a bill that seeks to make private financing in the elections transparent. political organizations. To that same end, the Popular Renewal bench has now presented another initiative that promotes the financing of natural or legal persons in the parties “by establishing limits on contributions and under the supervision of the competent governing bodies.”

According to the approach developed by legislator Alejandro Muñante, donations in cash or in kind from natural persons, whether Peruvian or domiciled in Peru, may not exceed the equivalent of 200 Tax Tax Units (UIT) per contributor for each political organization.

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Regarding legal entities, it is noted that being for-profit or non-profit entities, their contributions may not exceed in a calendar year the equivalent of 10% of their income obtained in the last fiscal year.

Additionally, it is specified that the parties may have income from carrying out proselytizing activities in which the taxpayers and the amounts with which they collaborate can be identified, being obliged to report their fundraising activities to the ONPE.

The project – which modifies several articles and the inclusion of others in the Law of Political Organizations – also contemplates sanctions for treasurers or campaign managers who do not comply with the supervision and control of the funds; In the event of this infraction, the ONPE may disqualify them from holding those same positions in political organizations for a period of no more than 10 years.

I KNEW THAT

In November 2017 – after the million-dollar Odebrecht bribery scheme was discovered in Peru – the legislation was modified to prohibit for-profit companies, whether national or foreign, from financing parties.

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