This is good news for public finances, although it may complicate the implementation of a reform of the taxation of wealth desired by the government.

The solidarity tax on wealth (ISF) has reported more than expected in 2010: 4.5 billion euros have gone into state coffers last year via the ISF, or 400 million more provided by the supplementary budget adopted at the end of the year, according to figures released Monday morning by Les Echos. It is even a billion euros more first envisioned by the initial budget act. The Budget Department, which for the moment, however, refuses to confirm this figure, announced that it will communicate about it in mid-February.

Revenue higher than pre-crisis

These additional revenue is good news for state finances.They mean that the economy is doing better than expected revenue of the ISF are even now slightly higher than before the crisis. In 2007, the solidarity tax on wealth was reported 4 payday loans direct lenders.42 billion euros, against only 3.59 billion in 2009.

However, the implementation of the reform of the taxation of wealth desired by the government will be more difficult to implement than the ISF is big. As part of this comprehensive reform whose content should be unveiled in late April, Nicolas Sarkozy has announced wanting to amend or eliminate the tax on capital. One of the main ideas is to relieve the upper middle class subject to the ISF due to a housing boom. The abolition of the tax shield, as prescribed by the Head of State, should in turn report that 700 million euros.ISF is returning more money into state coffers over the coming reform could be costly to the taxpayer. Or merely result minor adjustment of the tax on capital.

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Castle for sale in Yvelines Hardricourt. The ad appeared last month on specialized sites has not gone unnoticed. For this area, auctioned this morning before the high court of Versailles, has the distinction of having belonged to the late Jean Bedel Bokassa, the deposed emperor of Central Africa, who died in 1996. A nice set located forty miles of Paris consists of a hectare park overlooking the valley of the Seine from 547.78 m² and a caretaker's house and in dire need of being refreshed. … Predict future buyer work. That is why the starting price is set at a relatively low: 735 000. It was eventually purchased for 915,000 euros by an individual.

The sale ends a lengthy procedure."And in a complex case," says Ms. Pascal Koerfer which accounts for the administrator, Mr Geoff Andrew, in charge of the case. The latter had to leave in search of all the heirs of the former emperor. Or 54 children scattered around the world. After fourteen years of efforts, 37 were ultimately identified. Among them, Georges Bokassa, the eldest sibling of this immense, and has taken great trouble.

Occupied by one of the wives

Challenging the sale and claiming the title of representative of the estate, Georges Bokassa, prince for life and former defense minister of his father, has increased the legal incidents. But seeing that his fight was futile to justice, he has recently turned to policy, launched last December an appeal to President Nicolas Sarkozy, "begging" to intervene to prevent what it considers to be a robbery payday loans guaranteed no fax.

Another issue which has also hampered the sale: the occupation of the castle by one of the wives of Jean Bedel Bokassa and his two children for several years. The President of the Versailles court refused their expulsion. Finally, women and children left on their own two years ago, thus releasing the procedure.

Who will acquire this mansion that still houses some furniture worthless? All last week was held at the pace of regular visits. Eighty-three in total. "It is totally unusual. There were curious but also people interested, "says a close case. Given the general condition of the property, the auction should not exceed 1.2 million euros.An amount that, once the debts of the estate paid, will be distributed among the 37 beneficiaries.

After this sale, there will still be in France for a property that had belonged to the former emperor. This is the castle Mézy-sur-Seine, Hardricourt common neighbor. The property could soon be marketed under identical conditions. In one detail. The castle is inhabited by Mézy Georges Bokassa who, until now, has never expressed his desire to leave. The prospective owner should be responsible for his expulsion. Something to think more of a buyer before you buy.

The rumor had been circulating for a few days. The Central Bank has formalized this Thursday shortly before the opening of the EU summit of heads of state and government: it requires a doubling of its capital. This cushion, which amounts to 5.76 billion euros, would be increased from 5 billion to 10.76 billion euros.

The guardian of the euro said it has to cope with volatility "in exchange rates, interest rates and credit risks." The operation will take place in three stages, the first December 29 following the end of 2011 and again in late 2012.

"If one takes a longer-term, this capital increase is also explained by the need to display an adequate capital base in a financial system that has grown dramatically," said the ECB.This is the first time in twelve years – date of creation – that the ECB makes such a capital increase.

Aid that is not free

It follows the extraordinary transaction redemption of debt of troubled countries like Greece, Portugal and Ireland by the ECB. Having been reluctant to pursue this strategy, she has been forced because of the seriousness of the situation and the States' delay in reacting to the crisis. "We believe that this demand (capital increase, Ed) serves as a reminder of the ECB to the Member States of the Eurozone: the ECB expect to fight only to defend the euro can not be free "Gilles Moec analysis, economist at Deutsche Bank in a note released Thursday morning.

The central bank seeks primarily to strengthen its cushion against losses on bonds it holds the peripheral states.Certainly, it retains those titles until they mature, that is to say, ten years for a ten-year bond, for example, without trying to sell it before the futures market. It is therefore not exposed to changes from day to day. She wiped the other hand a significant loss in the event of partial failure of a State like Greece.

Amputate dividends

Technically, this is not the State paying the money directly to the ECB, but the national central banks, like the German Bundesbank and the Banque de France. But these are financed by governments. The sum required for the capital increase by the ECB could also be levied on dividends paid by the ECB usually its actionnaies States, according to Gilles Moec.

The U.S. central bank, the Fed had also conducted a capital increase after its share buyback program launched massive U.S. Treasury bills.

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Year after year, the state tightens a little more live operators, these parastatals, ranging from job center at Météo France through museums. Only the universities, which are operators, but who receive a renewal policy, do not. This rigor is not a luxury for these 497 structures (excluding universities) employing 235,000 people, spends 29 billion a year and a property portfolio of 42 billion. Yet for years, management has been lax. Thus in 2007, operators have created 13,989 jobs, while eliminating 11,244 departments! But all that changed gradually from 2008 through the action of the Budget Ministry.Fewer jobs in 2009 and non-replacement of retiring in two from 2011 (involving 2,630 job cuts), identification of property assets and better management (in particular so that each agent does not exceed 12 square meter), lower operating expenses by 10% in three years and introducing a variable in executive compensation: a series of measurements has already been set up by Eric Worth, the former tenant of Bercy. They resumed in fact the rules that the state imposed on itself in government it controls directly.

Baroin, the current budget minister, wants to pursue this by going further. Bringing together the leaders of the 497 operators Bercy Monday he told them he had to get rid of "dependence infusion of public expenditure."This requires measures "symbolic": 2750 cars, a fleet of 17,000, will disappear in these organizations. But especially weighty decisions. The minister said Monday that future job losses will be less concentrated on a few agencies and variable pay in 2011 will cover all the management teams (against 57% today). In addition, operators will produce a document programming jobs otherwise they will not receive a portion of their grant. In addition, in 2012, operators will pay rent when the State is its owner. The goal: to encourage them to occupy less area. Finally, their accounts will reach that state. Baroin and recalled that he had a measure announced in September to ban these GSEs debt.

Still, among the key stakeholders, we would also like the state does its share of effort. Including the payment in due time its holdings. "We need financial relations between the state and operators are both clear, sincere and planned in advance," said Monday at a meeting Christian Charpy. Another complaint, on variable pay this time: often, the boost to merit no more than a few hundred euros per year. "It's the mindset that counts," replied Baroin. Very offensive, the Minister noted that the examples Irish, Spanish, English showed that France could not escape a strict policy of cost containment.

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The difficulties encountered by the sailing industry for three years forcing some major players from the combination. Bavaria German group, controlled by funds Anchorage Advisors and Oaktree Capital will announce in the coming days take control of Dufour Yachts currently held by the fund Rhone Capital.

Largest employer in the marine leisure sector with 600 jobs on Charente two production sites (Andilly and Périgny), Dufour Yachts will become the cornerstone of a new world leader in yachting. Indeed, Rhone Capital also controls the Italian shipyard Cantiere del Pardo.

"With this transaction we will be a very comprehensive group, present on all ranges," said Salvatore Serio, CEO of Dufour Yachts credit report. Indeed, the boats of ten meters perfectly complement the offer of the new group.They are indeed positioned between the entry-level boats Bavaria and production of sophisticated construction Alps.

"In total, the group will have a large production capacity," says Salvatore Serio, which can be currently estimated at about 2,000 boats. " The amount of investment in Bavaria has not been revealed. It could be unveiled at the boat show in which Dufour Yachts will present its "375 Grand Large".

Blame it on the crisis. The volume of sales of existing homes in Ile-de-France, up 23% in the third quarter 2010 (52,600 transactions), has caught up with the best years. With 182,400 units sold a year, we are indeed approaching 185,000 sales on average in the years 1999 to 2007.

Meanwhile, prices continued their upward trend to reach a new record. In the former, prices rose an average of 10.6% yoy in Ile-de-France. In Paris, they have gone through the roof to reach 7,030 euros per square meter. An increase of 5.10% in three months and 13.80% year on year.

"One would think that the economic climate, social, financial, that are not yet fully stabilized could weigh on sales. In reality it is nothing.In contrast, in this context, this confirms the confidence in property investment whether for shelter or whether as an investment to rent, "says Christian Lefebvre, President of the Chamber of Notaries of Paris-Ile- France.

Price per m2 in the third quarter of 2010 of old apartments in Paris by district. (Valirisation indices Notaries INSEE)

U.S. stock markets have opened lower on Tuesday. The Dow Jones, Standard & Poor's 500 and Nasdaq 100 recede into effect respectively of 0.12% to 11,182 points, from 0.65% to 1190 points and 0.80% to 2494 points. On Monday, Wall Street has ended the session on a mixed note.

On Tuesday, the news on the macroeconomic front has been disappointing. Industrial production in the United States remained stable in October, according to data released Tuesday by the Federal Reserve. Economists expected a 0.3% increase.

The producer prices, for their part, rose less than expected in October in the United States.It accused their largest decline in over four years, excluding food and energy.

Moreover, China will announce measures to control food prices, which weighs on global stock markets, while the largest U.S. companies sell largely in this country.

On the foreign exchange market, concerns about the budgetary and financial situation of Ireland continue to weigh on the euro same day payday loans. Around 15:30 in Paris, the euro bought 1.3592 dollars against 1.3582 dollars late Monday.

The Central Bank of the United States (Fed) does not seek to bring down the dollar in its current monetary policy, said Tuesday the head of the New York branch of the Fed, William Dudley, in an interview in New York Times.The vice-president of the Fed, Janet Yellen, defended the same line the same day in The Wall Street Journal, while many European and Asian countries have criticized the U.S. stimulus package, which results in injection $ 600 billion into the economy.

Apple goes to the Beatles

The U.S. manufacturer of automation equipment and aeronautical Honeywell (2.44% to 48.75 dollars) on Tuesday lowered its profit forecast from 2010 to 1.86 dollar per share against $ 2.52 previously, following a change in accounting policy.

Wal-Mart (2.34% to 55.21 dollars) reported Tuesday a quarterly profit rise and raised its annual profit forecast, but its same-store sales in the U.S. declined due to the trend of gloomy economic conditions.

From his side Home Depot (3.22% to 32.40 dollars) has released its figures shortly before the opening of Wall Street.American expert DIY raised its profit forecasts for the year after a 21% increase in net income in the third quarter to 834 million.

Always on the side of values, the computer group Apple (-0.22% to 306.35 U.S. dollars) is expected to announce that its music store and iTunes online video will soon start to sell the Beatles' discography.

For its part, Google CEO (+0.19% to 596.62 dollars), Eric Schmidt, on Monday presented the next phone giant's Internet, which is embedded a chip that will make a payment fast same-day loans. The successor to the multifunction telephone Nexus One must have this chip that will communicate with its immediate environment to enable financial transactions.Moreover, the Internet group on Monday criticized the U.S. obstacles to Internet use in China, Vietnam and dozens of other countries, seeing the "barriers to trade in the 21st century." The group should hold its annual general meeting today.

GMdevrait to price its IPO in a range between 31 and 33 dollars per share, against a range of 26 to 29 dollars retained in the listing prospectus says the Wall Street Journal, citing people familiar with the matter. The group enjoys a very high demand for pre-placement. GM will put 28% of its capital market, for an amount that could reach $ 12 billion. The first U.S. automaker, General Motors (GM) has to make his return on the stock market Thursday.

The Hexagon can continue to live as an island in tax matters? The issue is acute when reading a study of the law firm Arsene Taxand. In recent years, France has not lowered its tax rate (CIT). His neighbors, though. In Europe, the higher rate of corporate tax fell from an average of 35.3% in 1995 to 23.2% in 2010. Result, metropolitan France, with its rate to 34.4%, holds the palm of the strongest European IS. And in the developed world, only the United States beyond us. Worse, the gap may widen. For, despite the crisis, many governments have always reduce their corporate tax rates. The UK for example will bring his to 24% in 2014 against 28% today. "It is for these States to encourage the company, a source of growth.And it is striking that a country in deep trouble as the Irish budget refuses to reverse its low corporate tax rates, "says Nicolas Jacquot, a partner with Arsene Taxand.

The Council of compulsory levies, which depends on the Court of Auditors has qualified that statement last year, noting in a recent report that in France the calculation of taxable income is advantageous. So that, despite a high rate, the final tax, which is calculated from the taxable income and not the real benefit is not that high. In addition, there are many tax loopholes for businesses (106 billion after the POC). In total, according Bercy, French companies would be taxed at 22% of their actual profits.But Nicolas Jacquot, this does not change the situation: "Since it is difficult to compare actual charges, international investors are based on rates of IS. And side niches, some countries are not left behind. Korea has strengthened – also – the research tax credit pay day loans.

"Indeed, most countries have lowered their corporate tax rates have supported the measure by a VAT increase," said Nicolas Jacquot. Germany led the way in 2007, lowering its corporate tax rate from 38.7% to 29.8% while raising the VAT from 16% to 19%. The UK will follow this model. Spain, it already raised its VAT from 16% to 18%. Today, France finds itself with a rate of VAT (19.6%) lower than the European average (20.2%) and very close to those of Sweden or Denmark (25%).Enough to leave him room to maneuver … And then the government does evoke no fiscal convergence Franco-German?

Debate on VAT undermined

But it seems that in the short term, this convergence will only reform the taxation of wealth. For France, the subject of VAT is trapped. In 2007, the majority has lost several legislative seats after the idea of a social VAT had been raised. However, this formula which is to fund a reduction in payroll taxes by a VAT increase, has defenders. One of the oldest is Jean Arthuis, president of the centrist Senate Finance Committee. He was joined by Jean-Francois Cope, the owner of UMP deputies who speaks antidélocalisation VAT. In fact, lower payroll taxes increases the competitiveness of French companies, while VAT has the advantage of hitting all consumed goods, including imported ones.But this tax is burdensome for low-income households, which do not fail to emphasize the Socialists. I bet that this debate will lead the 2012 presidential election.

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One step closer to coming to the Deposit (CDC) in the capital of La Poste. Concordant sources, the supervisory board of CDC has validated the proposed $ 1.5 billion in La Poste will become a shareholder at nearly 26.32%. The Post became the 1st March 2010 a public limited company, a change of status which allows such capital increase, which the state also plans to contribute up to $ 1.2 billion. The operation should enable the group to invest to meet the full liberalization of the sector in 2011 and the collapse of his business mail.

Post 5 billion could be recovered

Furthermore, in an interview with La Tribune, the Economy Minister Christine Lagarde said that the recovery of La Poste could reach five billion euros payday loans with no fax."The rules for determining the value has been precisely defined since they provide a total value of 4.3 billion euros payable in two installments according to the achievement of the strategic plan which extends until 2015, says the Minister. "They also provide an additional value that could range up to 700 million euros if expectations are exceeded the business plan, which would increase the value of the Post 5 billion euros," she adds.

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Sharp enters the dance. The Japanese electronics group announced on Monday to launch its own digital reading devices, backed by several online services, including a bookstore. Known as "Galapagos," these tablets are available in two sizes (14 and 27.5 cm diagonal) in December in the Japanese market first, before being offered the United States, one of the major markets of Sharp .

Discussions with the U.S. telecom operator Verizon Wireless have already committed, said the Japanese group. Sharp's entry in the market for digital books may seem late, most of its domestic competitors – Sony and Toshiba – have for several years of their own reading device.And most importantly, it comes after the success of the Apple iPad tablet itself preceded in 2007 by the Amazon Kindle and many competing alternatives.

Automatic dispatch of newspapers

Failing to be first, Sharp intends to distinguish. On Monday, the electronics group, which is already a major player in digital books, said the release of his readers will go along with the Japanese launch of an online bookstore of 30,000 titles (books, newspapers …) which would quickly spread, particularly to other content – music, videos, movies, games – and open to competing Faxless payday loans shelves.The group will also propose an automatic mailing service digital newspaper subscribers and a special function to "advise reading" according to the interests of the user.

"We want to offer services that fall within the particular culture of the Japanese edition, but we think we have technology in hand to hit the market overseas," insisted yesterday its leaders. Sharp has managed to impose its format XMDF Japan as the standard to read works on mobile phones, a market enjoying strong growth since 2006.

Side innovation, Sharp could spring a surprise by being the first to equip its e-readers with a screen reproducing 3D images without having to wear special glasses. This prototype was presented at the beginning of the month in room consumer electronics in Berlin (IFA).But it is also necessary that the yen remains at reasonable levels against the euro or the dollar not to penalize the export strategy of Japanese group.