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The government remained deaf to criticisms of the profession. Minister Announces Budget Baroin and, in an interview to be published in Les Echos on Thursday that the VAT rate of 19.6% will apply to all offers "triple play" that would combine Internet, television and fixed telephony. This increase included in the draft budget for 2011, presented in late September.

According to the entourage of the Minister of Economy Christine Lagarde, this measure will allow the state to reap "several hundred million euros" for additional revenue. A windfall for the government which has promised to remove ten billion euros of tax loopholes in the budget 2011.

Bercy also wants the single VAT at 19.6% applies to mobile operators.Some of them currently apply a reduced rate on a portion of their crimes, explaining that the laptop can also watch TV programs.

Adhere to Community law

So far, half of the subscribers' bills to "box" is subject to a reduced VAT rate of 5.5%, which allows us to offer rates to 29.99 per month, the lowest in the world. The tax hike was a rumor for now, but that was enough to cause an uproar among Internet access providers. they threaten to pass the increase on to consumers due to an increase of two euros per subscription. "It seems fairly acquired. Overall, the Internet 30 euros is threatened, "warned Yves Le Mouël, Director General of the Federation of French telecoms.

Bercy for his part said to be under pressure from the European Commission.The latter has already given notice on France to amend its system, believing that the rate of 5.5% is illegal and violates seven articles of the European Directive on VAT. This solution must allow "to respond to problems of incompatibility with Community law," says Bercy. "The problem we have, and the operators know very well is that we are under threat of sanctions from the European Union, has also said Secretary of State for the Digital Economy, Nathalie Kosciusko-Morizet. "The European Commission is a pretext, had already protested the end of August the CEO of Iliad (Free / Alice), Maxime Lombardini.

In addition, ISPs regret that such action is contemplated at the time when the government wants them to accelerate investment in networks."If some operators decide to take part in this new burden on them, this will affect investment in broadband," warns Yves Le Mouël.

Creating pressure

The French Federation of Telecom also considers that the VAT increase on the boxes would lead to questioning by the operators, their participation in the financing of TV and film. "If the reduced rate of VAT is being challenged, that means must be also questioned the funding of Cosipa (Summary of industry support programs) by operators," said Yves Le Mouël.

Depending on their size, turnover of operators, excluding tax, is tapped between 0.5% and 4.5% to finance the Cosipa.This represented 100 million euros in 2009.

"What we ask is that the base of this funding should be reviewed," he added. "As consumer film and French production, we were quite willing to participate in its funding, in return for reduced VAT rates. It was something legitimate, logical, it was a win-win balance and that is what is questioned, "he said.

In May, authors and publishers of video on demand have expressed concern about the rise of the TV while the Society of Dramatic Authors and Composers (SACD) was called "stunned by the measure, describing it as" disastrous funding for the creation and cultural diversity.

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Citroen launches into his rental car, according to information published Tuesday in Le Parisien, Aujourd'hui en France. The automaker plans to launch this new service from September 20, first time in Paris, Bordeaux, Marseille and Lyon before extending the scheme to other cities.

Users can rent the vehicle remotely, by phone, and it delivered to the address of their choice within three hours. "The prices are comparable to those found on the market, says a source at the automaker in Paris payday advance low fees. Just for the delivery or return home the vehicle, the service will cost 14 euros.

No need for subscription, understands the newspaper. Prices and rental period will vary widely.All types of Citroen vehicles will be offered, including the C-Zero electric car that is not yet commercialized.

A new website and an iPhone application should be launched in early 2011 to facilitate the leasing and add customized services such as insurance, download maps and other accessories.

As every year, real bargains, but also a whole series of nightingales waiting buyer distracted or just looking to be finally removed from stock. First tip: If you are a fan of Bordeaux, Ruez you on maroon 2008! Due to the global crisis, this vintage very good bill has been sold off on the world market did not want. The French supermarket did not let them pass, which was a very good idea. The 2009 being sold today are so high price they are exclusively reserved to the speculation.

For these burgundy, rush upon the opening, even earlier if possible, because deals are going fast! As prices are ultra competitive, especially this year, the first buyers of Bordeaux, the catering professionals, are in their starting blocks.The shops are often open evenings, are you invite! The best way to go on the shelves the day before and discuss with the department manager. A simple phone call to the store is often very effective.

As the maroon represent more or less half of the supply of wine fairs, each company seeks to differentiate itself from other regions. A special effort was made this year on the Rhone, the second region of France of quality wines. The focus should be the 2007 vintage in Bordeaux poor, but very successful in the Rhone.Find a good Burgundy is always difficult, because the region is small, but some retailers have managed to build a genuine partnership with great producers.

Last but not least, do not go to wine fairs shrinking violet! Prepare well for your move and go straight to the goal, because otherwise you will never find the coveted bottles. In all the signs, the best deals are in cold areas, those that are immune to the first sight.Happy hunting!

Dates of wine fairs
• Crossroads of September 7 to 18
• Casino September 7 to 18
• Giant of 7 to 18 September
• Lavinia on 7 September to 6 October
• Intermarche of 8 to 18 September
• Monoprix from September 8 to 19
• Franprix from September 9 to 19
• Auchan September 14 to October 2
• Leclerc from September 22
Système U • September 28 to October 10
• Carrefour Market from September 29 to October 9

Websites
• Savour Club () August 20 to September 22

• ChateauOnline 31 August to 4 October

• Wine and Co from September 1 to October 3

• Vinothek Bordeaux from September 3 to 27

• From 1855 to September 6

• Jean Merlaut 15 September to 15 October

More than a year after the introduction of laws, taxes and recommendations on the payment of bonuses in the banks raises the question of their effectiveness. The Institute of International Finance (IIF) has taken the lead by establishing the Oliver Wyman care to conduct a study on the changing structure of wages among 37 international banks.

Unsurprisingly, the study demonstrates the virtuous direction of the profession."Many banks have made significant and necessary changes in their payment system by adopting policies and practices in line with those advocated by the G20," said Josef Ackermann, the institute's chairman and CEO of Deutsche Bank, the first German bank.

Supporting Evidence: On the sensitive issue of deferred compensation – and therefore conditioned to sustainable profitability, which is one of the most effective, as the G20, to empower market participants – banks surveyed show their progress. In one year, the deferred bonus share has doubled to 39% of the total. The payment of these bonuses is not delayed a few months but three years or more in 85% of cases. Over two thirds of these variable compensation being paid in shares or securities linked. Bonuses are guaranteed over the wind in its sails.And the few new recruits who still get this behalf should be satisfied with a one year warranty.

Failure of British tax

"Governance has also changed significantly, says Bruno de Saint-Florent, a partner at Oliver Wyman. In 2009, the frequency of meetings has increased by 50% compared to 2008. The involvement of teams of risk in these compensation process has become even less systematically, this year (98% of banks). A year earlier, they would intervene only in 46% of cases. "

The IIR judge this too brief consideration of the concept of risk in awarding fees. The institute recommends a longer-term and more refined, along the lines of business. Experts also point out that banks are still too timid in their information.Less than half of respondents have ventured this year to disclose the amount of bonuses distributed.

Despite these criticisms, the realization of the IIR is very encouraging, but the optimism of the institute does not yet unanimously. One of the main architects of the reforms of finance, the former British Minister Alistair Darling, told this week that the British tax on the bonus had no effect on the industry. This 50% tax on bonuses exceeding 25,000 pounds, expired in April. Fatalist, Darling believes that the bankers are in any way "too imaginative not to find all sorts of ways to not pay." The behavior of Credit Suisse agrees with him. The bank, which had decreased its bonuses in 2009, has just overtaken the tax expired, distributing exceptional bonuses.

"See the study [pdf]

"See the summary of the study [pdf]

"There will be a reasonable evolutionary vision. By this sentence while caution Eric Woerth summarized what would be the attitude of the government on pension reform next week.

The text will be considered at the Assembly from Tuesday, when all the unions call a strike and demonstrate. "There will be many people in the street" without that "France would not France, already primed by the Minister of Labour, on Thursday, before the Association of business and financial journalists. No way to change "fundamentally" the bill after that day, but the government "will file amendments.

The game continues on balancing the grant "most important" requested by Wednesday François Chérèque (CFDT): 2018 reject the decision to raise from 65 to 67 years the age at which anyone can receive a full pension even without having contributed all his quarters. As it stands, the government draft plans to implement this measure in stages starting in July 2016 (ie, for all those born from July 1951) No fax payday loans.

Possible additional measures on the arduous

"It's very important that there be two terminals of age," argues the Minister of Labour, for whom it would be "unfair" that people with long and often deliberately interrupted their careers – housewives, for example – able from the same age as the others (60, 62 in 2018) without financial penalty.However, "I do not think everything is locked. Eric Woerth temporizes also possible additional measures to take account of hardship: "You can probably go a little further, it is unresolved. We allow a maximum time. "

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More than a month after the fiasco of the France team in South Africa, the French professional football is definitely getting worse. While professional football league (LFP) expected at worst to a deficit of 150 million euros, the National Monitoring Directorate Management (DNCG) has recently established its report on the finances of French professional clubs. And the finding is instructive: their accumulated loss stood at 180 million euros for the 2009-2010 season, including 140 million for the Ligue 1 clubs. Record. The precedent dating from the 2002-2003 season with a deficit of 167 million.

And yet, the French professional clubs we were accustomed to much better in recent years. "This deficit is due more to a sharp decline in revenue related to shipments by a sharp increase in spending that we had already seen last year," said Vincent warmShe expert sports Ineum Consulting.Today, the situation is simple, both for small than for large clubs: he must sell players first and then build his team. This is far from easy. Why?

Spanish and English clubs are more buyers

Their main "clients", English and Spanish clubs, bear the brunt of the economic crisis and could not like each year to buy the best French players. And unlike like the French clubs do not hesitate to buy great players, the calculation is done quickly. "This deficit is a matter of timing. French football is constantly lagging behind the economic cycle.The French clubs have spent much of last year through the renegotiation of TV contracts in 2006, and the establishment of the right to collective image (which exempts a portion of payroll taxes to pay athletes, can not exceed 30% of the total, Ed), whose clubs n (were really benefit in 2009, "said Vincent warmShe.

Although we are far from 800 million euros of debt the English club Chelsea in January erased by its Russian owner Roman Abramovich. But the fact that this ad is not necessarily good news when we know that UEFA is planning to launch its draft financial fair play in UEFA's two years at the initiative of … France. Thus, from the 2012-2013 season, clubs will no longer spend more than they earn.Again, the French clubs are not the worst placed in terms of expenditure, but in terms of income, they are far from being the first …

If one were to summarize the 2010 summer transfer window, we would call dull. Like any economic activity, football suffers from the crisis. Marseille and Lyon have already purchased a lot last year and Paris and Bordeaux have had a sporting season 2009-2010 more than complicated. Thus, the OM has bought Andre-Pierre Gignac and Loic Remy because they sold Mamadou Niang (at Turkish club Fenerbahce) and lent Hatem Ben Arfa (at English club Newcastle).

Aulas has made "a little fun"

What about Lyon? Until the "little pleasure" that became Jean-Michel Aulas, the Lyon president of purchasing Yoann Gourcuff for $ 22 million last Tuesday, the club Lyon had previously spent only 6 million euros with the former Rennes Jimmy Briand.Far from 82 million spent a year earlier. "Unlike the big Italian clubs, English or Spanish, French clubs can not afford a repeat of" such "transfer window several times. The DNCG requires them to control their spending. And when the crisis gets involved … "Says one expert.

Last year like this year, Lyon as Marseille have sold less and less purchased. But the fact remains the same: they have spent more than sold. The OL has purchased $ 28 million and sold for 3 million in summer 2010 transfer window (82 million against 45.5 million in the transfer window in 2009). For the OM, the losses amount to 13 million euros in the summer 2010 transfer window (about 23 million euros in the transfer window in 2009). For their part, had to sell Gourcuff Bordeaux to balance its accounts and finally Paris Saint Germain all the trouble to sell his "big bucks" to be able to buy a defender. The crisis affects everyone.Relatively speaking …

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