Today the circle of the financial maneuver is closed. After gaining the confidence in the Senate yesterday, in a few hours the Government will do the same in the Chamber. The vote is scheduled for 14 pm, the final ok for 30 pm. The decree for the balanced budget in 18 will thus be transformed into law almost a month ahead of the initial forecasts. But in addition to the speed of approval, what is most surprising about this finance company is its metamorphic capacity.
Among the various last-minute changes, the heaviest is the introduction of linear cuts to tax deductions for 2013-2014: a measure that will cost average families about a thousand euros over the two years. A real setback, yet according to many economists it will not be enough. Despite the sacrifices required of the Italians, the real problem with this finance company is the lack of adequate initiatives to promote the growth and competitiveness of businesses. Now let's see in the form of a diagram what are the latest changes made to the manoeuvre:
CUTS IN TAX BONUSES
A linear cut of 5% for 2013 and 20% starting from 2014 is foreseen for all 483 tax breaks, including those for families. Also affected are households with dependent children, costs for education, health care, nursery schools and building renovations. The expected revenue is 8 billion for the first year, 32 for the following. The increase in the tax burden is equal to 1,2%. The tightening will not be applied only if the delegation for tax and welfare reform is exercised by 30 September 2013, which however would unload the cuts on social benefits
PENSIONS: HIT THE GOLDEN ONES
Good news for the lowest pensions, i.e. those between three and five times the INPS minimum (1.428 - 2.341 euros): in the two-year period 2012-2013, their revaluation will drop from 90 to 70%, no longer to 45%, as provided for in the initial text of the manoeuvre. Checks over €2.341, on the other hand, will no longer have any revaluation. From August 31, a real sting will hit the so-called golden pensions, which will have to pay a "solidarity contribution" until December 2014, XNUMX.
For treatments exceeding 90 euros per year, the contribution will be 5% of the excess. Above 150 euros a year, a new bracket is triggered and the contribution rises to 10%, always calculated on the portion that exceeds the threshold. As for linking pensions to life expectancy, the measure was brought forward from 2014 to 2013. It is estimated that from 2016 to 2030 the limit will further increase by four months every three years.
Thereafter, and until about 2050, the triennial adjustments should revert to three months. Eventually the increase will be approximately three years and 10 months. The exit from work will also be postponed for those who have 40 years of contributions: from 2012 it will take an extra month, two more in 2013 and three more in 2014.
HEALTHCARE: THE TICKET IS BACK FROM MONDAY
In three days we will start paying the health ticket again: 10 euros on specialist and diagnostics and 25 euros on emergency room white codes. The immediate reintroduction of the heavy tax, which was previously scheduled for January 2012, 480, will allow the State to save XNUMX million euros.
LIBERALIZATION OF PROFESSIONS
The Government postpones the liberalization of the comparison with the categories, but the professional associations will not be abolished. After eight months everything that is not regulated will be free.
MORE PROGRESSIVE STAMP ON THE SECURITIES ACCOUNT
Anyone with a file of less than 50 euros will continue to pay 34 euros. For securities accounts up to 150 million euros, the stamp duty will instead go to 70 euros; 240 euros for those up to 500 thousand euros and 680 euros for even higher accounts. For the latter, from 2013 the stamp duty will reach up to 1.100 euros per year.
DEALERSHIPS
A 0,3% increase in IRAP is expected (from 3,9% to 4,2%) on concessionaires. The exceptions are motorways and tunnels, for which the reduction from 5% to 1% of the deductibility of the amounts set aside in the so-called restoration fund remains confirmed.
STOCK OPTION: ADDITIONAL FEE OF 10%
A surcharge of 10% is applied to stock options.
STABILITY PACT: PRIVATIZATIONS START AGAIN
The Stability Pact will take the form of two provisions aimed at favoring privatization both upwards (large public groups) and downwards, with incentives for Municipalities to divest their shares in municipal companies. By 2013, the go-ahead will come for one or more privatization plans for the disposal of shareholdings in the state and non-territorial public entities.
FLAT 5% FOR YOUNG COMPANIES
Young people under 35 who open a new business will only pay a flat rate tax of 5%. The Senate makes the measure within the age limit unlimited.
TAX JUDGES
Territorial limitations are arriving for the performance of the function of tax judge.
