The government is working on early pensions, taxes and car tax. It will be called Ape and will allow those born between 1951 and 1953 to leave work early with a financial reduction, which can however be recovered when they reach old age. The instrument, which the government intends to submit to discussions with the trade unions and with the European Union, will take effect with the 2017 Stability Law which will be approved by the end of the year. This was announced by Prime Minister Matteo Renzi during the direct confrontation on Twitter #matteorisponde. Another important novelty concerns the personal income tax rates to bring down taxes, said the prime minister, the ideal would be to reduce the personal income tax brackets from five to three.
EARLY PENSIONS
The novelty is important and meets the demands of the world of work which has long been calling for flexibility in output after the barrier introduced by the Fornero Law. It is currently being investigated by the Ministry of Labour, INPS and the technicians of Palazzo Chigi. As mentioned, the Ape will concern workers born between 1951 and 1953. The hypothesis being worked on envisages the possibility of leaving the job at most 3 years earlier with a penalty of 4 per cent a year, therefore 12 % overall.
In some cases, however, where the pension is very high, the penalty could even reach 25-30 per cent overall. The estimated cost for the State would be 1 billion a year but the banking system would also be called upon to make its contribution, advancing part of the resources.
In practice, the mechanism would be that of the social security loan. The pensioner who leaves work in advance of the 66 years and 7 months envisaged by the Fornero Reform collects an advance on the social security check reduced by 4% per annum as mentioned. The advance would then be repaid in small installments which would be withheld from the moment in which the actual old-age pension began.
There are three possible cases to access the flexible exit: voluntary choice of the interested party; risk of becoming exodus for having agreed to leave work but without meeting the age requirements for normal retirement; leaving work in the event of restructuring or staff turnover. "Those born in '51-'53 are the most unfortunate and it is not right - the premier specified when presenting the Ape - and with the new instrument this injustice is remedied, but it will only be valid for a certain period, precisely for those born in '51-'53”.
LESS TAXES, CAR STAMP AND 18 YEAR BONUS
Renzi recalled the tax reform included in the Pd program in 2013 and which aimed at only 2 personal income tax rates. Now the hypothesis of thinning the brackets provides for the unification to only 3 rates, which would lead to a lowering of the tax burden. Today, in fact, there are 5 income brackets: from 0 to 15 thousand euros (rate of 23%); from 15.001 to 28.000 (27%); from 28.001 to 55.000 (38%); from 55.001 to 75.000 (41%); over 75.000 euros (43%).
"I hope that there will be news on this front in the coming weeks," said Renzi, who designed the tax reform for 2017. The prime minister also confirmed the 500-euro bonus for 18-year-olds that will be distributed in a few days and that the next year it could also be extended to immigrants who turn 18 and have a residence permit.
The other novelty that the government is studying is theabolition of the car tax. The intention, Matteo Renzi explained, is to eliminate the tax on the possession of cars or mopeds and replace the revenue for the State with an increase in the excise duty on petrol by virtue of the polluter pays principle. Today the "stamp" yields about 6,5 billion to the State, one of the hypotheses foresees an increase in excise duties of 15 cents.
RAILWAYS AND ANAS
In all of this, the Ministry of Finance has started the evaluation work for a possible merger between Anas and Ferrovie. It would lead to the birth of a transport and infrastructure giant, with subsequent placement on the stock exchange and reduction of public debt.
