The Full List of Monti Reforms: Which Have Been Really Implemented?

 Pensions

Rise of pension age to 66 in stages until 2020 (in 2014: 64 yrs. 6 months).YESAccording to European Commission in 2020 Italians will be oldest to
receive their pensions, on average 66 yrs, 11 months. It was 61
previously (by 2060 70 yrs. Versus 68 in UK, 67 in Germany, but life
expectancy will still rise by 8 years in 2060).YESPension system change by 2012 from defined benefit (based on last
salary) to defined contribution (based on money paid in): results in
pension reduction of 15%.YESThe annual inflation adjustment on pensions will be eliminated for
those who collect monthly retirement checks of more than 936 euros.YESEarly pension: The minimum number of contribution years will rise to
42 for men and 41 for women from 2012 on, from 40 years at present.YESThe minimum retirement age for women’s seniority pensions was raised
to 62, from 60 currently, with financial incentives to try to keep them
working until 70. Men’s minimum retirement age will rise to 66, with
incentives to work until 70.YESFor women in the private sector, access to so-called “old-age”
pensions will be accelerated. It will slowly be increased to 66 by 2018
from 60 today. Next year women in the private sector will need to be 62,
instead of 60, to be eligible for an old age pension, which doesn’t
take into account the number years worked, and men 66 instead of 65.YES

More liberal laws

Pharmacies, expected 5000 new pharmacies, expected benefit of 70 euros per family.
PROBABLY NOT
No liberalization for taxis, only review if quantities per town are correct.
YES
No minimum and maximum tariffs for free professions, e.g. doctors,
architects, lawyers, notaries, etc. Free price negotiation between
professional and client.
NO
Slow liberalization and creation of new filling stations.
NO
No minimum surface and forced opening times for kiosks any more.
DON’T KNOW
New form of “Limited”. Capital need: only 1€ capital for young people up to 35 years.
YES
Quicker license for cinemas up to 3000 spectators (currently on hold).
DON’T KNOW
More possibilities for opening shops on Sundays.
YES
Companies investigated for tax issues, can continue to apply for public contests if they continue to pay taxes regularly.
DON’T KNOW
More liberal when companies want to access special tax status.
DON’T KNOW

Modernization and bureaucracy

Payment of traffic fines online.YESElectronic hospital cards.PROBABLY NOTDomicile change to be done online (avoiding current queues).NOPublic administration offices are measured. If not effective they may get fined.NORegistration to university online.PROBABLY NOTNo exclusion from public job competitions if one has bad votes in study.DON’T KNOWDisabled people: less bureaucracy for getting permits.ABSOLUTELY NOTPollution certification for companies easier.PROBABLY YESE-government:  online communication with government agencies from 2014.DON’T KNOWSocial card: identification card for most poor.YESProcedures to recover fiscal return when salary is less than 30K Euro eased.NOAntitrust: tries to give entry to independent distributers from the big oil companies.DON’T KNOWAntitrust: train services get separated from rail services.NOAntitrust: Poste Italiane must give up monopoly, but operate bank Banco Posta.NO

Taxes

Overall tax rate increases to 45% from 42.5%.
DON’T KNOW
Increase of VAT from 21% to 23% (reduced rate from 10% to 12%) from October 2012.
NO
Increase of contribution of salaries: medium increase between 130
and 1700 Euro per person, for regions by 0.33%, increased medical
deductions, local tax increases possible.
NO
Higher taxes on alcohol.
DON’T KNOW
Introduction of a modified version of a property tax that will bring
in two-thirds — or more than 10 billion — of the total new taxes, said
Deputy Economy Minister Vittorio Grilli when the package was presented.
DON’T KNOW
Taxes will be increased on luxury assets like boats longer than 10 m (30 ft), private airplanes and sports cars.
DON’T KNOW
A 1.5%, one-off tax on the money brought back to Italy with the
so-called “tax shield” that gave amnesty to tax evaders who brought
their foreign stashes back to Italy, which was passed by ex-Premier
Silvio Berlusconi’s government.
DON’T KNOW
 A tax on bank accounts, stocks and financial instruments will be introduced.
PROBABLY YEW

Tax Fraud

Introduction of a tax compliance rating for Italian companies.NOSocial assistance: economical status of receivers is continuously
monitored and verified in order to avoid people receiving assistance
they should not get.YESA ban on cash transactions above 1,000 euros, which is lower than the current 2,500-euro threshold.DON’T KNOW

More expenses
Cheap low-cost holidays for young people
NO
Lower taxes for people working in the poor southern part are extended
DON’T KNOW

Protection of consumers

Introduction of maximum costs for a current account at banks.DON’T KNOWExclusion of liabilities inside contracts is not allowed any more, alignment with EU consumer rights.DON’T KNOWBanks/Insurances have to present 2 different proposals for life insurance.DON’T KNOWUnpaid account for poor pensioners.DON’T KNOWNo obligation to hold account at bank when you get a mortgage.DON’T KNOWNo obligation any more to deliver a quotation for liberal professions.DON’T KNOWNo fees for paying for fuel with credit cards.DON’T KNOW