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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The figures published on Wednesday trade deficits German and French offers a shortcut striking about the strengths and weaknesses of the two economies. German exports hit a record in March. They rose 0.9% on month and rise to 98.9 billion euros, thanks to the success of products across the Rhine outside the euro zone. Its trade surplus amounted to 17.4 billion euros, up 16.8%. "A further sign of a healthy German economy despite the crisis in the euro area", decrypts Wirschke Constantine, an economist at Natixis.

If, at the same time, France has reduced its trade deficit of almost 500 million euros to 5.7 billion euros, it hides a global slowdown in trade. Clearly, exports fell twice as fast as imports. The first fell to 558 million euros, to 36.491 billion, when the second fell by 1.1 billion euros to 42.212 billion on March.

"The decline is more pronounced for imports after the substantial purchases energy (oil, gas) caused by the February cold snap, so the trade deficit is reduced, 'the Customs. Apart from lower petroleum products, purchases of industrial products decreased, which could reflect a slowdown in France, as the perceived leading economic index for April.

For their part, "exports of manufacturing industries are marking time, after their sharp increase earlier this year," are Customs. Computer sectors, including automotive and aerospace have been less successful in other countries.  

The good health of the German economy, however, allowed the industry to limit the hexagonal case. In March, Germany has indeed set a record for imports as well (78.1 billion euros over the month, up 1.2%) whose French exports have benefited. Particularly in the industrial machinery sector.

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The specter of drought away with the recent rains. But the winter freeze damage to crops are more than expected as and as spring advances. "That damage is exceptionally large, Xavier Beulin regrets, FNSEA President. In total 600,000 hectares of wheat, canola and barley were destroyed by the cold wave of February. "

In a letter to the Minister of Agriculture, FNSEA asks Bruno Le Maire to trigger the emergency procedure in Europe. It provides "the inclusion of force majeure" as "a serious natural disaster affecting a major agricultural area of ​​operation", so that farmers continue to receive their aid.

The green light from Brussels

Payment of these grants is linked to European compliance by the operator of a number of criteria, including stick to crop type notified in advance. This "rotation" is defined in the declaration CAP (Common Agricultural Policy) that meet the farmers every year in May for the crops they will do next season. These conditions are required to receive direct payments. Other aid, indirect, are related to the implementation of certain agri-environmental standards guaranteed unsecured personal loan. The leaders of the FNSEA have already given the green light from Brussels. They now expect the French transposition.

Activation of this procedure will allow farmers, especially those in the north-eastern France, the winter freeze victims, not to be penalized twice: not only by the lower yield of spring planting, but also by a reduction in aid European sanctioning non-compliance of the crop rotation in their declaration CAP. Finally, the recognition of this act of God must allow an advance on anticipated aid on October 16, instead of early December.

Private insurance side, the amount of compensation that will be paid, should amount to some 70 million euros. But all farmers are far from having signed a contract to hedge. Finally, a new wave of freezing took place last week but it has affected this time departments of the central region, penalizing the orchards and vineyards.

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While the latest statistics show an automotive market at half mast and some European manufacturers are expressing their concerns, the cars bought in France have never reached such high prices. According to The Argus, which published his 2011 portrait of the average car in France, the average price reached 21,181 euros, against 19,767 eurosen 2010. An increase of 1,414 euros (+12%) in one year!

According to The Argus, this trend is explained by the end of the scrappage scheme. And the French did not hesitate to turn to larger cars. The average vehicle in 2011 in France measure 4.19 meters long, 1.76 wide and 1.54 high. It weighs 1266 pounds and consumes 5 liters of fuel per 100km to 126 grams per kilometer of CO2 released.

The luxury SUVs are popular

The Argus notes and a sharp decline in so-called urban cars (-26%). The family (10%), major roads (37%) and minivans (18%) have however taken advantage of this change in consumption pattern. The SUV (Sport Utility Vehicle), including luxury, are also popular. And the price of the latter increased by an average of € 3660! Overall, the share of cars with less than 15,000 euros in sales in 2011 is 19%, from 15,000 to 25,000 euros, 45%, and more than 25,000 euros, 36%. In 2008 these shares were 24%, 46% and 29%.

The study of the Argus corroborates previously published figures by the Committee of French Automobile Manufacturers (CCFA) and published by Challenges. They reported a price increase of 15% compared to 2010. The average price of new vehicles, all brands, has reached 22,800 euros according to the CCFA. A rise in prices seen in all countries where a grant has been established to support the sector.

But if they are willing to spend more to buy a car, the French did not mean abandoning another means of transport, more environmentally friendly. He would have sold more than 3 million bikes in 2011. A figure up 5.5% over the previous year.

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"" The flying car is just a vehicle over "

The call to strike by three unions (CGT, CFDT and UNSA) air traffic controllers will cancel and delay several flights to Orly and some regional airports. At Air France, which opened two new bases Sunday in Toulouse and Nice, we ensure that customers affected by these disturbances have already been informed by SMS or e-mail. "All flight information is available the day before departure and updates in real time" on the website or via smartphone applications. The company says that there will be no cancellation of your from Roissy-Charles de Gaulle, otherwise some delays.

For its part, easyJet has already canceled 16 flights Monday to departure or arrival airport Orly and advises all passengers to "check the status of their flights regularly." In all, the airlines had to remove 20% of their flights on Mondays and Tuesdays departing or arriving at Orly need a personal loan with bad credit.

Eighteen flights have already been canceled at Lyon Saint-Exupery. These flights come from or go to Marseille, Toulouse, Bordeaux, Pau and Metz.

The unions called the strike to oppose a plan to restructure air traffic control services in the provinces, which would imply a decline in numbers. Air traffic controllers, agents of the public service, have an obligation to provide minimum services. However, if the strike notice is required, the strikers did not have to declare individually 48 hours in advance, as is the case for railway or recently for pilots and stewards.

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Since the beginning of the campaign, the Business Institute is screening the proposals of the major candidates. Holland in the program, the single most "budget-" would be the creation of 200,000 contracts "generation" every year. This device is for a company to keep a senior until his full retirement and hire the same time a young person under 25 years, with exemption of social contributions on both jobs for three years. It would weigh between 7.6 and 8.3 billion euros per year, at the end of the quinquennium.

Besides, the cost of 150,000 "jobs of the future" seems almost weightless! It would reach 823 million, including exemptions from employer contributions for – minority – of these jobs in the private sector. More expensive would be the possibility to retire at age 60 and full rate for those who have paid 41 years: $ 4 cheap credit report.5 billion in 2017.

Some measures in the bill forgotten

As for the passage of 75% to 50% by 2025 the nuclear share of electricity generation – which means "to increase the share of non-renewable energy from 15% to 40%" – it would cost 1, 8 billion to the state in 2017, in the form of tax loopholes (and double for the consumer as higher electricity prices).

Finally, the independent think tank the valid order of magnitude announced by the PS 20 billion in additional government spending per year, a lame, totally financed by tax increases. In this detail: some measures have been forgotten in the bill – including all those evaluated today by the Business Institute!

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In these turbulent markets of the European debt, the U.S. Treasury arouse the envy of mafia networks. Italian justice has thus enter false vouchers worth 6,000 billion dollars in three closely guarded vaults in Switzerland.

The seizure follows an investigation launched on mafia clans in the area of ​​Vulture-Melfese, in the Basilicata region (south), said the prosecutor of the court of the city, Giovanni Colangelo. The investigation to uncover "an international network of such securities with persons involved in many countries," said the magistrate. This is "the largest ever launched in this type of investigation." Eight people have so far been arrested in Italy.

Hong Kong to Zurich

According to the magistrate, the safes containing the good have been shipped from Hong Kong to Zurich in 2007. The network would have sought to place the fake title until last January, in emerging countries or banks. Experts from the U.S. central bank (Fed) and the U.S. Embassy in Rome, who examined these false titles, felt that much of them was of excellent quality counterfeits.

The other trick was to make good dating from 1934 and place them in safes, each holding an infringement of the Treaty of Versailles of 1919. Control cases, network members could well justify the presence of this huge amount of money as part of financial exchanges between the powers that won World War.

"The operations of counterfeit securities, moving boxes from Hong Kong to Switzerland, traveling worldwide members of this network have a huge cost and we therefore believe that the interests behind this case are at a high level" , he said.

According to the prosecution of Potenza, other bills could still be hidden. Italy is also customary to the practice. In September 2009, the country's authorities had seized fake U.S. treasury bonds worth 116 billion dollars found in a package at the airport of Milan-Malpensa and arrested two Filipinos involved in this case. These fake bills were also dated 1934. In June of that year, the Italian financial police had arrested two Japanese on the border between Italy and Switzerland who had hidden in fake U.S. bonds totaling $ 134 billion, in the double bottom of a suitcase.

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In the midst of crisis, football clubs always brew as much money. In any case, as revealed by the Deloitte top 20 of European football clubs by revenue. For its 15th edition, the study "Football Money League" in fact reveals that the 20 richest clubs in the Old World have generated 4.4 billion euros in sales during the 2010/2011 season. This is 3% more than last season, and over a quarter of total market sales of European football. Nine of these clubs have seen their billings rise by more than 10% over the period, against only seven formations that had experienced a drop in their turnover. While these figures do not assume the financial health of clubs often heavily indebted, but reflect the ability of the persistent world of football to attract capital no fax payday loans.

OM, the club that generates more money

The overall ranking has no major upheaval (the top six ranking has not changed in four years). But the French league has experienced a revolution. Indeed, for the first time in seven years, Olympique de Marseille ranks first among French clubs. With 150.4 million euros in turnover in 2010/2010, the club OM (7 million, the 14th in the standings) delights the trophy to his rival Lyons. Recording only 132.8 million in billings over the same period, Olympique Lyonnais (OL) forfeits three places, and now points to 17th.

In many clubs, the French championship in fifth and final figure up the "big five" European (behind England, Italy, Germany and Spain).

Early this morning, the Greek Finance Minister Evangelos Venizelos was the first raised his voice in that. While the prime minister suggested yesterday that the referendum will focus on "whether the Greeks or not to stay in the euro area," Evangelos Venizelos has swept the issue with the back of the hand. In the eyes of the man who played the head of the party George Papandreou in 2007, "the place of the Greek people in the euro is a historic achievement of the people that can not be questioned.This can not depend on a referendum, "he said in a statement. The minister stressed the importance of having the new tranche of aid "without delay". In fact, under the sixth tranche will not be released until the political situation has not been clarified.

The sling number two government was quick to be followed by the Greek Minister of Development, Michalis Chryssohoïdis. It called for a European financial rescue of Greece was quickly ratified by parliament, in fact opposed to the proposed referendum on Prime Minister said on public television Net. "This release is the ratification by Parliament of the Agreement (European) Greece comes out of the impasse," said Michalis Chryssohoïdis as television.

• Discount of up to 60% of the Greek debt

According to diplomatic sources, the ministers agreed to effectively negotiate with the banks at a discount of "at least 50%" against a target of 21% decided on July 21 with the banking sector. They thus de facto endorsed the conclusions of an expert report which was presented by the troika of donor funds in Greece (EU, ECB and IMF).The paper believes that a discount of 50 or 60% hope to stabilize Greece without having to increase in the amount of gigantic international loans that have already been promised.

A "discount" is the term used in relation to the financial depreciation of the value of loans taken by creditors in this case private banks and investment funds that hold government debt. A discount of 50% borne by the private sector, the second program of financial support pledged July 21 to Greece, however, should be slightly revised upwards with government loans (Europe and IMF) to 114 billion euros, against 109 billion euros.To maintain the envelope of 109 billion euros unchanged, it would bring the discount to 60%, according to calculations by experts.

• Recapitalization of banks to the tune of 108 billion euros

The question is whether the banks that have so far dragged its feet to give the pot, will accept a negotiated settlement does not pass through a default of Greece. In return for the effort required on the Greek claims, there are plans to recapitalize banks in Europe. Following a meeting of EU finance ministers, this Saturday, in preparation for the summit Sunday, no agreement had been finalized on this point, due to the persistence of disputes.

"We have made some progress on the banks" and "we have laid the groundwork for an agreement" which will still be subject to "discussions between heads of state" and called for European governments to meet in summit Sunday said Swedish Finance Minister Anders Borg. Countries of the European Union are considering a recapitalization of its banks to the tune of 107 or 108 billion euros to help them cope with the crisis, has also said a source familiar with the matter.

But according to European diplomats, "there is no agreement on the recapitalization, it gets stuck a little." According to one of these diplomatic sources, "Spain insists on having a comprehensive, not only on the recapitalization of banks but also on strengthening the European Financial Stability Fund (EFSF)." On the other hand, "the ministers are trying to agree on the minimum capital."The European Banking Authority (EBA) has proposed that banks reach a level of capital of 9% by mid-2012. A diplomat acknowledged that some countries in the viewfinder of the markets, like Italy, Spain or Portugal, feared that the recapitalization will further undermine public finances.

• The Fund will not support a bank

Moreover, the French proposal to grant a banking license to the Fund support the euro area (EFSF) so he can refinance with the European Central Bank "is no longer on the table," said Minister Dutch Finance Jan Kees de Jager. Only two options are being discussed to increase the firepower of the device, he told reporters Saturday.These two tracks on the agenda now that the mechanism acts as a partial insurance of the public debt of countries in difficulty or higher participation of the IMF to the device, according to a German government source. But there is "significant differences between countries" on the issue, said Jan Kees de Jager.

How to leverage the capacity of the EFSF was the main sticking point between Berlin and Paris at the approach of the EU summit. France, worried about its budget deficit and are "triple AAA" prefer tap into the existing European funds, starting with the ECB. Germany, also sensitive to the separation of powers as inflation risks, refuses anything resembling a crisis by printing money in Europe.France was not only to advocate the involvement of the ECB, arguing that this system worked very well in the United States or Great Britain. She was supported by Spain, Italy or Belgium.

The European Relief Fund currently has a lending capacity of 440 billion euros, part of which is already committed for Ireland and Portugal. This envelope is considered insufficient to prevent contagion of the debt crisis in countries as large as Italy and Spain, increasingly in the firing line of credit rating agencies.European countries negotiate so hard for weeks on the best way, via a "leverage" to multiply by up to five response capacity of the Fund's financial debt of fragile countries.

(With agencies)

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