The Study describes the current situation of the tobacco Italian market two years after the 2015 Fiscal Reform has entered into force.
The effects of the reform are analysed through a structured Regulatory Impact Assessment (RIA): this tool – set by the Italian legislation but only rarely carried out – includes some formal steps aimed at identifying the strengths as well as the weaknesses of a recently applied regulatory set.
This rigorous methodology has been applied to analyse the effects of the above mentioned 2015 Italian Fiscal Reform as well as to the Greek Fiscal Reform which was introduced in 2012: the objective was to point out both positive and negative aspects of the Italian model through a comparison with the Greek case.
A set of guidelines for the next future is the main result of this Study: be- sides figures, such guidelines call for more transparency and predictability of fiscal policies in the tobacco sector as to ensure both sustainability of the market and future revenues.