Posts Tagged ‘economics’

Attach an adult child or deduct a pension?

Posted in economics, home, life, online, technology by admin on May 21st, 2012 | Comments Off

 

From age 18, your child is in principle taxed personally. If he can not maintain himself needs, you can deduct from your income as child support, up to € 5,698 for the year 2011 (Box 6 EL, page 4 of the return). If he still lives at home, you can evaluate flat spending on food and accommodation at € 3,359 and deduct the other expenses you can justify (health, clothing …). Your child will not pay as much tax he has no other income, since the amount of child support remains below the threshold for taxation of a single. If a student job, his wages are, moreover, exempt from tax in the annual limit of € 4,104. The deduction of such support will provide a tax savings varies the tax rate applied to the highest bracket of your income. The maximum saving will be achieved if you reach the portion taxed at a rate of 41%. Then you will save € 2,336 (5,698 × 41%).

The selection criteria

If your child is under 21 or under 25 if a student, you can opt for its attachment to your tax home rather than deduct alimony (then fill part D, page 2). With the key, an additional half-share of family quotient, or a hand if you are at least three dependent children. This tax saving is also, capped and can not exceed € 2336. But you get along with other benefits such as, for example, a tax reduction of € 183 tuition if a student. Especially, the incorporation of your child you will get relief from your tax home, and will play in your favor for the benefits set according to the family income (spending cap of some tax cuts, cap amount of local taxes …). In return, you will be taxed on income earned by your child (his wages are exempt, however, a limit of € 4,104). For all these reasons, there is usually more advantageous to attach a child rather than deduct alimony, unless it affects important personal incomes.

Finally, note that if your child has celebrated his 18th birthday in 2011, you can count on support for the entire year, declaring all income earned in the year. If you do not attach to your home, you can deduct, as alimony, the payments made after his majority but you will lose the additional half-share for the entire year.

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Ministers' salaries will be reduced by 30%

Posted in events, features, finance, money, online by admin on May 18th, 2012 | Comments Off

 

"If I am elected, I do not gèlerai, but I stoop down the salary of the president and ministers of 30%." By November 2011, Francois Hollande had made the campaign promise very symbolic, while Nicolas Sarkozy marked the spirits in increase of 172% net salary (of 7,084 to 19,331 euros) on arrival at the Elysee. Invited on France 2 on Wednesday night, the new prime minister, Jean-Marc Ayrault, announced that this commitment would be the first of his government. Hardly installed at Matignon, he will propose a 30% drop in the wages of members of government from the first cabinet meeting on Thursday afternoon. "This is exemplary," said he explained. This measure will be a decree, he said.

The gross monthly salary of Ministers will be up to 14,200 euros per month, to 9,940 euros. That of the Prime Minister will also be trimmed from 21,200 euros to 14,840 euros gross. Like, finally, the compensation of the President of the Republic. With a plane that has a surprising consequence. Ex-Ministers continue to earn more than their successors for another six months. Indeed, each team member Francois Fillon retain his salary during this period. A privilege granted to all former ministers, who lose their theory, however, other benefits.

Largest decline in Europe

If they come later than in other European countries, this decline in compensation of government is by far the strongest. One of the first to take this measure, as he tried to impose on his country a vast austerity plan, was the Irish Prime Minister Brian Cowen. From 2009, he had reduced his salary and that of his ministers by 15%. In the process, in May 2010, Spain followed the movement by announcing a 15% reduction of salaries of its ministers. In the UK, the British prime minister, David Cameron, newly installed in power, his ministers imposed a 5% decrease in their pay. A dry diet made subsequently by Italy and Portugal, among others.

In Europe a constraint to fiscal Germany still appears a prosperous island. While the German economy grew by 2% annual rate in the first quarter, Angela Merkel and her ministers were granted for the first time in twelve years an increase of wages. The Cabinet decided on Wednesday to a 5.7% increase in three stages by August 2013, bringing the salary of Angela Merkel to about 17,016 euros gross per month and those of his ministers to about 13,795 euros.  

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Tax revenues weaker

Posted in economics, economy, opinions, people, top news by admin on April 10th, 2012 | Comments Off

 

The main presidential candidates have one thing in common: they announce tax increases for years to come. None of them claim to return to zero deficit by cutting public expenditure only: they know that the remedy would be too much for the French social model. In addition, candidates are aware that economic growth alone will not fill the public coffers.

On this point, economists are even more cautious. Nicolas Sarkozy expects a GDP growth of 2% from 2014, Francois Hollande 2% in 2014 and 2.25% thereafter. "It would be wiser to predict growth of 1.5%," said Jean-Christophe Caffet, economist at Natixis. "And above all, to the same level, growth will generate less tax revenues spontaneously that during the expansion phase of pre-2007", warning Mathieu Plane, an economist at OFCE.

Mechanically, when the GDP is up, after the mandatory deductions. More profit, this means more corporate tax (IS), higher wages, better social security contributions and income tax (IR), etc.. But according to the type of growth, the correlation is stronger or weaker.

The economy of the early 2000s, characterized by a housing boom, was particularly conducive to tax revenue. And transfer taxes, a tax on real estate transactions, they reported to local authorities 9.6 billion in 2007, against 4.7 billion in 2000. The revenues of the ISF have almost doubled (2.2 billion in 2000, 4 billion in 2007). "Growth was also driven by household spending. A boon to the State whose main tax, VAT, sits on consumption, "adds Jean-Christophe Caffet. Finally, the SI was doped up to 2007 by record profits of banks. In a 2008 report, Philippe Marini, then general reporter (UMP) of the Senate Finance Committee, spoke of the hypothesis of a "bubble" of € 10 billion on tax burden.

"Adjustment Period"

A bubble that broke with the financial crisis. Scarce, taxes and social contributions decreased in 2009. The IS has collapsed, yielding 21 billion in 2009 against 51 billion in 2007. Since then, the tax burden returned to their pre-crisis level, with the exception of the SI (39 billion in 2011). "But if there had been no crisis, levies would exceed 23 billion that they are today. There is indeed a structural loss of revenue, "said Mathilde Lemoine, director of economic studies of HSBC.

In addition, revenues will not recover their train of yesteryear. "The growth model due to housing boom and strong consumer is finished. We have entered a period of adjustment, where wages will rise slightly. VAT, transfer duties, but also social contributions will grow less quickly, "said Jean-Christophe Caffet. So over the spontaneous surge of revenues, as before 2007. That's why taxpayers are involved since 2010. And if the economic growth forecast by the candidates was not at the rendezvous, higher taxes might be higher than 50 billion program of Francois Hollande and 16 billion provided by Nicolas Sarkozy.

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In bankruptcy, think Kodak pay bonuses to employees

Posted in events, international, opinions, resources, top news by admin on April 9th, 2012 | Comments Off

 

Living under the bankruptcy system, the famous Chapter 11, is not easy for a company. In a document filed with the court last week, the company found, in fact "a marked rise in employee departures in the first quarter." Departures deemed "particularly damaging" to the management level.

That's why Kodak offers to pay $ 8.5 million in an initial group of 119 frames, which still represents more than 71,400 dollars per person, to retain them. Another group of just over 200 employees, has been identified and should receive $ 5 million, or about $ 25,000 per employee.

Out of Chapter 11 is a real possibility in the United States. The most striking recent example of a successful exit is to make the assets of General Motors. This scheme allows the company to restructure while being protected from its creditors, a situation similar to the existing backup procedure in France. To achieve this, we must however keep its senior most "critical activity and the restructuring process," according to Kodak.

The company explains that "among the 7,600 employees of the group, there are many who have unique skills and value, but the weakness of available funds requires the group to make a strict selection of the beneficiaries" of this plan.

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How to find the equivalent "Made in France" a foreign product

Posted in economy, events, finance, special, world by admin on April 3rd, 2012 | Comments Off

 

It is defined as a 'detective' Made in France '. " Sylvain Lescot, 33 years and commercial training, launched in December the site-Référence.fr France, with the ambition to "establish the habit of buying citizen." Specifically, this merchant, whose product catalog spans four themes (home, toys and entertainment, multimedia and gastronomy), offers users to compare one product with its foreign equivalent, manufactured in France. Thus, facing the mixer "Soup Maker" Cuisinart product in the U.S. and priced at 199.50 euros, it suggests to the consumer to buy the "Soup & Co" Moulinex to 229.90 euros. Salt and pepper to the duo Automatic One Touch range (29.90 euros), made in China, he opposes the salt mill Peugeot "Bistro natural" (16.50 euros).  

The concept is in tune with the times: 42.3% of French people think that promoting products "Made in France" should be a priority in the presidential campaign, according to a study site Testntrust. Or, buy French is often an obstacle course. Mentions on the origin of components and place of manufacture on the labels abound, sometimes inducing the consumer. "The offer on the shelves is a jungle," said Sylvain Lescot, that "the French do not know in general that there are local equivalents to foreign products the best known." With the exception of certain areas, such as multimedia or television, in which there is almost no offer purely French. To select products, France-Référence.fr is based on criteria adopted by the association Pro France, which manages the label "Origin France Guarantee ', the main requirement being that at least 50% of the value added product is produced in the Hexagon free business cards.

90% of products are purchased French

While websites offering a selection of products "Made in France" multiply, France-Référence.fr claims its status online retailers. "The consumer is free to choose the foreign product, we also have in stock," says Sylvain Lescot. "We respect the individual tastes and budgets." If the French massively plébiscitent local products, the price point is important in these times of crisis. Only 49% of them are willing to pay more, the last notes of the brand Observatory France. A concern that shade Sylvain Lescot. "While some French products can be twice as expensive than their foreign counterparts, others have a price lower than 20%."

Still, with this system of comparison, the offer tricolor appears to be doing on the game-Référence.fr France, 90% of the products purchased are French, welcomes its founder. "The 'Made in France' is not a utopia, but a way of future consumption," wants to believe. Therefore, after investing nearly 60,000 euros in building his company, the latter provides a second phase investment of 100,000 euros in the next three months to boost its offer of 300 references to over 1000. France-Référence.fr be able to respond to a request which, according to forecasts by Sylvain Lescot, should quickly jump from 5 to 50 orders per day.

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Cheminade of Holland to the candidates before the FNSEA

Posted in Uncategorized, economy, money, people, top news by admin on March 30th, 2012 | Comments Off

 

A first in the presidential campaign. Seven of the ten candidates have succeeded on Thursday on the same stage: that of the 66th Congress of the FNSEA in Montpellier (Hérault). Only the far left was missing, including Jean-Luc Melenchon.

All candidates have outlined three major challenges. First, that of the environment, including the management of water, while the French countryside lack of rain for the second consecutive year. Nicolas Sarkozy promised a simplification of administrative authorizations: "It is enough of a preliminary statement" to build dams for irrigation of crops, "up to 350,000 m3." Other candidates have called for better water management. "We're going to crises increasingly frequent and difficult," warned François Bayrou. Also on the environmental component, Francois Hollande has put forward the alternative energy sources. "Biogas, biofuel, biomass, these are new sources of energy and new income for farmers, said the PS candidate. We must share these investments. We will adopt a tax incentive. "

Secondly, virtually consensual: the Common Agricultural Policy (CAP). "I welcome the positive signs that the new CAP takes with keeping its budget. Aids represent fair compensation for the farmer to a policy of low prices to the consumer ", ruled Francois Bayrou. Marine Le Pen is the only advocate a judgment of the CAP in favor of a "PAF" (French agricultural policy), that is to say a re-nationalization of aid. "I am here to defend the interests of French gardeners and French consumers. I do not want a Europe which includes agricultural servant of the WTO, "warned the leading frontist. The sovereigntist Nicolas Dupont-Aignan demanded "firm renegotiation of the CAP because we pay $ 7 billion more to the EU budget that we receive."

Reduction in the hourly cost

Finally, the third item listed, competitiveness. France is now the third largest in Europe in trade of agricultural and food products, behind Germany and the Netherlands. "There must be logical and contractual solidarity, to be more competitive. This will be the sense of public investment bank that will support the development of SMEs in the food industry, pleaded Francois Hollande. We will develop a collective and not individual contract between farmers and manufacturers, allowing visibility of volumes but also the prices. "

Nicolas Sarkozy has defended his hand down the cost schedule adopted under his five-year seasonal and the permanent employees that will result from the social VAT. "97% of agricultural workers are covered by a 5.4% decrease in payroll taxes," he repeated. As for the little candidate Jacques Cheminade, which boasts a history of commercial counselor of France in New York, he is committed to "put innovation and research at the center of the debate on agriculture to meet the challenge of 2050, that of feeding 9 billion of men. "

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Global consumption of wine restarts

Posted in business, features, home, opinions, special by admin on March 24th, 2012 | Comments Off

 

Global consumption of wine is finding colors in 2011. It increases from 0.7% to 241.9 million hectoliters (hl). She stopped and started a downward cycle since 2007. "It seems that the worst is behind us. This does not mean that an immediate return to pre-crisis growth is confirmed, relativizes Federico Castellucci, Director General of the International Organisation of Vine and Wine (OIV). In addition to unfavorable economic factors, changes in consumption patterns continue to see recovery in the major producing countries, such as the EU. "Indeed, European consumers now favor quality over quantity. This, however, are the Americans and Chinese who support sales.

47.4 liters per capita in France

In detail, the world's largest market, that is to say the EU wine consumption fell by nearly one million hectoliters last year, mainly due to degradation economic conditions in countries of this area and a change in customer behavior. Italian consumption shows a sharp decline of around 1.6 million hl (- 6.3%), as Spain and Britain, but to a lesser extent. Germany, meanwhile, has stagnated.

Only exception in this bleak picture: French consumption increases significantly (3.5%), almost 30 million hl. This increase is explained by massive purchases of wine last year on French territory by foreign tourists. But the OIV can not be quantified precisely. Single index, consumption rises officially in France to 47.4 liters per capita. Net purchases of tourism, it would be some 40 liters per person, a level close to that of Italy to 37.4 liters.

French cognac and champagne appreciated

For their part, the United States, second world market volume, estimated to have grown 0.9 hl (nearly triple the 2009 and 2010) and 28.5 Mhl approach. Americans like French cognac and champagne. Example: for the Charente house Courvoisier, "remains our largest market outside the U.S. where we sell 48.5 million bottles of brandy a year, or nearly 30% of our annual exports," said its president, Patrick Pinet.

China also exports have increased with the increasing popularity of a population easier for wine products. "Since 2001, exports of French wine and spirits increased by 3700%, three quarters of which relate to the claret and brandy," says Nicolas Ozanam, Delegate General for CFTS (Federations of exports of wines and spirits).

Result, world trade in wine in 2011 reached over $ 103.5 million hl, up 7.9%.

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A "Eurovegas" in Madrid or Barcelona

Posted in Uncategorized, life, news, online, world by admin on March 12th, 2012 | Comments Off

 

17 billion euros in investments, 164,000 jobs directly and 97,000 indirectly. Which to house the mammoth project? Madrid against Barcelona: the contenders are the most powerful cities of Spain … and two eternal rivals, in politics as on the football field.

A funny clásico, fanned by a singular trophy: the U.S. company Las Vegas Sands wants to establish in Spain's largest casino complex on the Old Continent. "Eurovegas" must be the European version of the world capital of the game Six casinos, 36,000 hotel rooms, three golf courses, a 15,000-seat auditorium

.

The figures, astronomical, are salivating entrepreneurs and politicians, while the country is mired in negative growth and an unemployment rate near 23%. The real estate engine "miracle" Spanish is down. Regions and municipalities in crisis seek relays create jobs and tax revenue.

In desperation, local politicians are suitable for all investors games. Left to take a project still vague for a real growth driver. Leaves to forget that five years ago, a similar idea had generated the same enthusiasm in Aragon, before developers do not suddenly reverse.

Barcelona or Madrid? Sheldon Adelson, owner of Las Vegas Sands, hesitates. After a year of study and 7.6 million euros spent, however, the decision must fall rapidly before the summer, the billionaire promises.

Rebates and exemptions

His communications director, Ron Reese, said the two cities "are tied." The project, said Reese, who will go to that show the more "flexible". The list of requirements is long Adelson as a letter to Santa. His company is seeking exemptions from social contributions and tax rebates. She wants the standards against money laundering to be relaxed to facilitate, she said, remittances players. Besides other applications wackiest, like creating a MBA in the gaming industry, or the lifting of the ban on smoking in rooms.

These requirements seem exorbitant to upset any politician. In Barcelona, ​​we recall that the project needs to attract 11 million visitors. "Quality tourism" believes the President of Catalonia, Artur Mas.

In Madrid, the figure of 260,000 jobs dizzy: it represents half the number of unemployed in the region. The president of the autonomous government, Esperanza Aguirre, has promised to make "all necessary legal modifications, as they do not violate [its] principles."

Demonstration in Madrid

Thousands of people rallied Sunday in the streets of Madrid to the appeal of unions, against labor reform implemented by the government the right to fight against unemployment, the mobilization test before a general strike scheduled for March 29.

The two main Spanish unions, UGT and CCOO, have called for demonstrations in 60 cities in Spain, to protest a reform they deem "unfair and ineffective" and "defense of public services".

Carrying red flags and placards with the words "no budget cuts", "No to social regression", shouting "we will not pay their debts with health and education", thousands of protesters stormed the center Madrid. 

The Conservative government of Mariano Rajoy adopted on February 11 for further reform of labor market flexibility, including lower redundancy payments and measures to stimulate youth employment.

Foot: the "tax Holland" could cost clubs

Posted in finance, international, money, online, technology by admin on March 2nd, 2012 | Comments Off

 

Players, presidents, unions, political. Everyone went to his little reaction after the proposal of François Hollande to tax at 75% share of annual revenues in excess of one million euros. In the world of football, many are quick to talk about "death of football."

Starting with the president of the Professional Football League (LFP), Frederic Thiriez. "If this proposal is successful, the championship of France would obviously be relegated to the second European division, he said Thursday on RMC. Our best players, who are in a global market, would leave. " Many players in the image of Christophe Jallet, PSG defender, and have criticized the proposal of the Socialist candidate, regretting that "working for nothing" with the application of such a measure. The club president of Lille, Michel Seydoux, even acknowledges, in Le Parisien, he could leave his post if the measure was adopted. "If I have more viewers, I shall never reach even to pay the rent for my new stadium," he says.

President of the Union of professional football clubs (UCPF), Philippe Diallo, insists on the 'cons-productive "of this measure:" When Beckham was announced at PSG, everyone has stigmatized the salary that the PSG would have paid (a gross monthly salary of 800,000 euros was mentioned, Ed). But we did not talk about the 15 million it would have reported to the State tax. "

Sports Minister, David Douillet, even the loss figure to one billion euros for the French professional football. "The 600 million coming from taxation of French football will disappear, the 5% tax Buffet (the share of TV rights of football donated to other sports) will also disappear because there will be more rights TV ". He said that if the football stars leave the French league, broadcasters are less willing to pay as much for broadcasting the games. He added: "300 million for the stadium in Lille, 200 million for the Jean Bouin stadium in Paris, all funded by public money, which no longer serve for nothing!"

"The players left France when they are taxed more"

There is not that football players who would have to pay more taxes. This new tax would also be a blow for football clubs. "It is death and not club football players," says Philippe Diallo. More and more players are quick to add in their contract a provision that any change in tax would be borne by their employer. In other words, whatever the tax rate, net pay remains the same. "These clauses are mainly foreign players the highest paid who do not always know the tax rules in force in their host country. One third of the French league is composed of foreign players, "says Philippe Diallo. According to Le Parisien / Today in France, if the measure of Francois Hollande was to come, Qatari investors should pay no less than 100 million euros for ten players from affecting Parisian club two million euros net per year.

Without giving financial details, the president of the UCPF explains this development by the stranglehold of EU legislation on that of the Hexagon. "In most other countries, including England players are negotiating their salary in" net-net ", that is to say, net of expenses and net of tax. When they come to France, they impose this rule. So, to buy our players in Ligue 1, the foreign clubs will not even need to offer a higher salary than they receive in France. " If the "tax Holland" was to come into application, then the players might be tempted to leave the championship. "Football clubs are essentially local businesses who pay their taxes in France, where the players are mobile people, since the Bosman *, have always left France when they were taxed more than their European counterparts "says Philippe Diallo. One way to point the finger at the lack of "patriotism", a theme dear to Francois Hollande, football players.

* Named after the Belgian footballer Jean-Marc Bosman, whose club, FC Liege refused his transfer to Dunkerque. The player took the case to the Court of Justice of European Communities and won his trial, 15 December 1995.

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Company: Seven Lessons on Living

Posted in international, online, people, technology, top news by admin on February 22nd, 2012 | Comments Off

 

Sophie Menthon: 7 lessons in etiquette … by Cadremploi The etiquette in business has he? Sophie de Menthon, who founded several companies, has recruited a lot and today chairs the employers' movement ETHIC, is not safe. The company often forget the courtesy to candidates, suppliers, customers or employees.

For this reason, Sophie de Menthon published The etiquette in business, business requires. Beyond the formal rules of politeness, just listen to understand that the company has its codes. We understand them or you do not understand them. And, after a certain age, coarseness does not catch up. This is the youngest, the famous Generation Y, to study the seven lessons of etiquette that we propose to Sophie Menthon.

There are others but the spelling, how to be, to dress, talk, brief attitudes, can still work and learn when you're young. Paradoxically, these lessons of good manners are not always enough. Sophie Menthon may well be a bourgeois educated, she says she sometimes lacked herself and admit a blunder that has hurt (see the "bonus" at the end of video). It recognizes also be annoying sometimes, especially in his relationship with women. This is the price of self-confidence, frankness and independence. Then one likes or dislikes this "big mouth" whose listeners appreciate the RMC outspoken. Or not.

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