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		<pubDate>Sat, 29 Oct 2011 12:13:57 +0000</pubDate>
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		<description><![CDATA[ In the wake of Air France, which faces a strike by staff since the start of the weekend, the Australian airline Qantas has decided to discontinue all its domestic flights and the world for an indefinite period. Prey to a social Conlit that has lasted several weeks, management has already warned that 70,000 passengers [...]]]></description>
			<content:encoded><![CDATA[<p> In the wake of Air France, which faces a strike by staff since the start of the weekend, the Australian airline Qantas has decided to discontinue all its domestic flights and the world for an indefinite period. Prey to a social Conlit that has lasted several weeks, management has already warned that 70,000 passengers were affected at the moment, knowing that 600 flights have been canceled. More broadly, its fleet of 108 aircraft will be pinned down in 22 airports, Qantas said in a statement. </p>
<p> All flights of the company are canceled as of Saturday, said Officer. &quot;The devices currently in flight will go to, she adds.However there will be a single new domestic or international flight anywhere in the world. &quot;Qantas said its employees will be denied access to the company as of Monday morning <a href="http://payday-loans-application.com">cash advance flexible payments</a><!-- . -->. </p>
<p> Faced with a large section of its employees challenging the group&#39;s policy, management of the company has chosen the hard way to break the impasse. Calling itself the decision &quot;incredible&quot;, Alan Joyce, Qantas&#39;s boss said that &quot;the aircraft will be grounded as long as necessary for the situation to an end,&quot; at a press conference convened in a hurry on Saturday. No way for him to accede to the request of trade unions, which he said, &quot;Qantas would destroy the long term.&quot; </p>
<p> Retrenchment and redeployment in Asia
<p> What technicians, ground staff and pilots claim, it is mainly wage increases.</p>
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		<title>Euro crisis: talks last chance</title>
		<link>http://pfagallery.com/euro-crisis-talks-last-chance/</link>
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		<pubDate>Wed, 19 Oct 2011 23:46:43 +0000</pubDate>
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		<description><![CDATA[ Phone calls at the highest level, video conferencing, round trips of crisis, the climb to the top of the euro appears more frantic Sunday every hour that passes. Nicolas Sarkozy made last night on an emergency trip from Frankfurt to tighten rope with Angela Merkel. But in the final meters, it is the Italy [...]]]></description>
			<content:encoded><![CDATA[<p> Phone calls at the highest level, video conferencing, round trips of crisis, the climb to the top of the euro appears more frantic Sunday every hour that passes. Nicolas Sarkozy made last night on an emergency trip from Frankfurt to tighten rope with Angela Merkel. But in the final meters, it is the Italy of Silvio Berlusconi could give a cold sweat in the common currency. </p>
<p> Ten days after his trip to Berlin, Nicolas Sarkozy visited on Wednesday in the financial capital of Germany for a further meeting with Angela Merkel. Officially, he came to pay tribute to Jean-Claude Trichet, who drew his bow at the head of the ECB. But in practice, to lock an agreement soon with the Chancellor. After a two-hour meeting nothing has filtered. The two leaders were released separately without comment. They looked tense.They rushed into their cars, to use the plane to Paris and Berlin. </p>
<p> The key issue &#8211; the appropriate role or not the European Central Bank in the financing of sovereign debt in support of the EFSF, the bailout funds in the euro area &#8211; remains still pending. France is clearly, even amending the Treaties. Germany has always been against the name of financial orthodoxy and independence considered sacrosanct by the ECB. </p>
<p> The question plagues the Paris-Berlin for months. At one hundred hours of a summit that everyone wants to believe decisive, it is especially doubt the strength of the Franco-German base on which the 17 partners of the euro and the 27 EU countries have establish a bulwark Sunday against the crisis and contagion.&quot;Monday morning he will have the markets, the United States, China and the IMF are convinced that Europe has a plan, a European official placed loose in the heart of the discussion. If there is no agreement, each European country will be reduced to playing individual survival. &quot; </p>
<p> A &quot;Mr Euro&quot;
<p> As a result, dramatically raised the bar for Sunday. Until recent days, Europeans thought solve problems in sequence: first Greece, then the recapitalization of banks with the strengthening of EFSF and economic governance coupled with greater budgetary discipline and finally the start of construction new treaties to push European integration. In an emergency, they say in Brussels, the Heads of State and Government will instead have to treat the whole as a whole. </p>
<p> Essential parts are already in place.Athens will release in the coming days with an 8 billion euro. She will spend the deadlines in November and avoid bankruptcy catastrophic for the euro. Unless dramatic, France and Germany also agreed on the recapitalization of banks. Governance side, it seems certain that the European Council President Herman Van Rompuy become &quot;Mr. Euro &quot;. The terms of the collective fiscal discipline and above the level of checks carried out by teams in each capital Brussels are still under debate. The case directly related to the revision of treaties, also raises serious questions of national sovereignty. </p>
<p> But against the backdrop of persistent differences between France and Germany regarding the bailout fund and the role of the ECB, it remains to organize the famous &quot;against fire&quot; in the euro area, ie to prevent the spread of the fire.&quot;It&#39;s reassuring to calm the Greek home. But that does not answer the real question posed by the market: what happens if other countries are in turn earned by the flames? &quot;, Said the European official. </p>
<p> After degradation of Spain by Moody&#39;s and uncertainty on France by Standard &amp; Poor&#39;s is Italy, the third power of the euro might come to haunt the summit. &quot;Nobody talks about it openly, but everyone has the scenario of an Italian debacle in mind,&quot; said one senior source. After public criticism that its inertia creates the Italian employers, Silvio Berlusconi could be claimed Sunday accountable by their peers, they say in Brussels. </p>
<p> ALSO READ: </p>
<p></p>
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		<title>The stock market is willing to pay dearly for Danone</title>
		<link>http://pfagallery.com/the-stock-market-is-willing-to-pay-dearly-for-danone/</link>
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		<pubDate>Tue, 18 Oct 2011 10:06:30 +0000</pubDate>
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		<description><![CDATA[ Danone has published a quarterly revenue in line with expectations. At first, in the absence of good surprise, the valuation of Danone can call. The title pays more than 14 times earnings expected for 2012, while the CAC 40 builds about 8.2 times the estimated profit for 2012. &#34;This is justified from the point [...]]]></description>
			<content:encoded><![CDATA[<p> Danone has published a quarterly revenue in line with expectations. At first, in the absence of good surprise, the valuation of Danone can call. The title pays more than 14 times earnings expected for 2012, while the CAC 40 builds about 8.2 times the estimated profit for 2012. &quot;This is justified from the point where Danone is growing higher than the overall economy. The group offers products with high added value for the elderly and babies. It is well positioned in emerging markets, &quot;says one fund manager. </p>
<p> We must also put into perspective the value of Danone with that of Nestlé. The Swiss giant capitalizes 15.6 times the expected result next year. The market welcomed by the superb performance in all segments, including the brilliant success of Nespresso, the subsidiary that specializes in luxury coffee.</p>
<p> Danone is perceived by the market as a growth and not as a &quot;value&quot;, not valued due to lack of development prospects <a href="http://pay-day-loan-s.com">no fax pay day loans</a><!-- . -->. The situation of Danone in terms of profitability is satisfactory. Operating margin exceeded 14% after the first half. Better still, it exceeds 20% in Asia. </p>
<p> Possible sale of the water industry
<p> Still, Danone must win the market with new projects. In recent years, Danone has refocused on the markets of healthy nutrition and health. The group is poised to sell its water sector, reports Bloomberg. It is in talks with the Japanese Suntory. The water industry is about 17% of sales of Danone. Growth and profitability are slightly lower than the other branches of the group.Meanwhile, Danone could strengthen its nutrition industry with an acquisition. </p>
<p> In any case, it will not be possible to create value with a takeover bid. When Danone had been rumors of takeover by Pepsi, leaders such as politicians had split from a multitude of arguments, economic patriotism. </p>
<p> ALSO READ: </p>
<p> &quot;Good quarter for Danone </p>
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		<title>Premiums against dividends: the disappointment of the Government</title>
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		<pubDate>Tue, 04 Oct 2011 20:35:16 +0000</pubDate>
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		<description><![CDATA[ Many companies have awarded the famous &#34;dividend premium against&#34; backwards. And in fact, the amounts paid are far from the expectations of the government, says a study by Deloitte from the first returns of negotiations in companies. As Labour Minister, Xavier Bertrand, was on the table before the payment of a premium of 700 [...]]]></description>
			<content:encoded><![CDATA[<p> Many companies have awarded the famous &quot;dividend premium against&quot; backwards. And in fact, the amounts paid are far from the expectations of the government, says a study by Deloitte from the first returns of negotiations in companies. As Labour Minister, Xavier Bertrand, was on the table before the payment of a premium of 700 euros per employee in companies that have paid dividends on the rise, the real turn around more than 300 euros. As for the maximum amount paid, it tops out at 600 euros. </p>
<p> Two reasons. The first is that the premium desired by Nicolas Sarkozy to &quot;restore the purchasing power of employees in times of recovery,&quot; has been perceived by most companies as an additional constraint than an opportunity to motivate their troops.The premium has indeed added to the devices sharing the existing value, such as profit-sharing, mandatory for companies with over 50 employees who make a profit. &quot;This is even more disturbing that the incentive for the prisoner has recently been tightened,&quot; says Emmanuelle Rivez-Domont, a lawyer in employment law at the firm Jones Day. </p>
<p> The other factor is the economic context. &quot;Uncertainty room makes companies cautious,&quot; says Philippe Burger, a partner at Deloitte. The evolution of the economic situation is also evident throughout the negotiations. &quot;Before the trouble was and he threw in the financial markets, companies thought given bonuses of around 500-600 euros <a href="http://payday-loans-cheap.com">payday loans guaranteed no fax</a><!-- . -->. Today, the discussions revolve more around 150 euros to 200 euros per employee, &quot;says Philip Burger.The crisis reduced the premium to a trickle. </p>
<p> Wage increases slightly affected
<p> Some companies, such as Rhodia, were more generous than others. But it should not enjoy these raw numbers, without putting them in connection with the incentive policy, participation or wage increase of the company, the consultant warns. &quot;Some companies had the tools to share value added very generous, and that worked well. Explain what they have paid premiums less important, &quot;said he. </p>
<p> The study also brings its share of surprises. The dividend premium against does not seem to negatively impacted as wages were concerned that the trade unions. While most companies recognize that its influence is not neutral, only 10% of them say they have reduced the envelope increases the amount of the premium.And they are more than 60% to estimate its impact on wages has been small. </p>
<p> Companies have until 31 October to agree on the amount of the premium, or they are liable to criminal sanction. Evidence that firms do not rush, only one in two has already ended its negotiations on the subject. &quot;Given the mandatory nature of these discussions, and urgency, companies are simple, says the consultant. They also generally a fixed amount equal to each employee. But if the premium is sustained, they could eventually refine their criteria for distribution. &quot; </p>
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		<title>The Blacks, absent the next World Cup?</title>
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		<pubDate>Sun, 02 Oct 2011 14:59:26 +0000</pubDate>
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		<description><![CDATA[ The entrance to the rugby in the professional world is not always without its pitfalls, far away &#8230; Proof of this is the last statement from Steve Tew, the CEO of the Federation of New Zealand rugby. Wednesday, the leader has put his foot in it by suggesting that his selection would be deprived [...]]]></description>
			<content:encoded><![CDATA[<p> The entrance to the rugby in the professional world is not always without its pitfalls, far away &#8230; Proof of this is the last statement from Steve Tew, the CEO of the Federation of New Zealand rugby. Wednesday, the leader has put his foot in it by suggesting that his selection would be deprived of the next World Cup in 2015 in England. A heresy in the land of rugby! </p>
<p> Bluff or not, this threat reveals the uneasiness of the Federation kiwi affected financially by the organization of the current World Cup. Certainly, the event is almost historic land of the long white cloud. But the financial benefits expected from this great mass of world rugby is limited. In the end, New Zealand will lose even money (about 39 million New Zealand dollars, or 22.33 million euros).The New Zealand government will pay part of the losses, but the federation itself will also put their hands in the pocket to the tune of two thirds of the money lost. </p>
<p> Shortfall of 7.5 million euros
<p> However, these losses are organizing a one-time difficulties. Because the real malaise lies elsewhere. Steve Tew, it&#39;s participation in the competition itself that is the problem. Every 4 years, federations qualified in the northern hemisphere and the south need to change their schedule (suppression test matches, shortening the Tri Nations tournament &#8230;). What cause a shortfall in terms of result and television advertising revenue and ticket sales. This year&#39;s Tri-Nations tournament, in which compete each year in New Zealand, Australia and South Africa, for example, was reduced from nine to six games due to World Cup.In Europe, the fall tours were also canceled. </p>
<p> In a World trade rules of the International Rugby Board (IRB) also prohibit the presence of the sponsors of the national federations. This accentuates the downward pressure on commercial benefits. In the end, the Federation of New Zealand (NZRU) said the shortfall related to participation in a 13 million New Zealand dollars (7.5 million). Great on a budget of around 55 million euros. A price she can afford all four years, according to Steve Tew. </p>
<p> If they win the All-Blacks, the players would receive such a bonus of 55,000 euros, depending on the site sportune.fr. Barely more than the French players to touch the earth just move in New Zealand (45,000 euros).If they win the XV of France, the French would also reward of 180,000 euros extra. </p>
<p> Australia to support
<p> In his threat to boycott, leaders of New Zealand have received support from their neighbor Australia. For its part, the Australian Federation (ARU) said the losses associated with participation in the World Cup to 16 million Australian dollars (about 11.5 million euros). All federations combined, the overall shortfall would reach between 35 and 40 million pounds (40 to 16 million euros). &quot;As noted by Steve Tew, the current economic model is unacceptable and can not be encouraged,&quot; said the general manager of the ARU, John O&#39;Neill.We ask the IRB to resolve the problem quickly, because as a national federation, the ARU can not afford to have huge losses every four years. &quot; </p>
<p> For many, the threat of New Zealand is not serious, its national team can not really do without the visibility provided by the participation in the World Cup. But the argument did fly, the IRB had promised the opening of discussions after the World Cup to avoid a radical decision. </p>
<p> ALSO READ: </p>
<p> &quot;INTERVIEW &#8211; Marc Lievremont:&quot; The All Blacks have punished &quot; </p>
<p> &quot;&quot; The All Blacks? Gods of the Living &quot; </p>
<p> &quot;Rugby: New Zealand will not beat the 2007 record </p>
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		<title>Is it easy to rent a furnished accommodation?</title>
		<link>http://pfagallery.com/is-it-easy-to-rent-a-furnished-accommodation/</link>
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		<pubDate>Tue, 27 Sep 2011 08:51:43 +0000</pubDate>
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		<description><![CDATA[ With the individual 
 Paris City Hall has decided to restore order in the holiday rental. Relying on Article L. 631-7 of the Code of Construction and Housing, which requires owners to seek permission when destined for a furnished apartment for rent tourist short (weekend or week), the municipality has just sent many donors [...]]]></description>
			<content:encoded><![CDATA[<p> With the individual </p>
<p> Paris City Hall has decided to restore order in the holiday rental. Relying on Article L. 631-7 of the Code of Construction and Housing, which requires owners to seek permission when destined for a furnished apartment for rent tourist short (weekend or week), the municipality has just sent many donors a letter urging them to regularize their situation. The recalcitrant likely a daily penalty of 1000 euros per square meter and a heavy fine. These coercive measures refer only to those donors multi-owner or renting through a real estate company (SCI). Specifically, it is still possible to rent in Paris, especially informally, his principal residence a few weeks a year where we do not occupy, or to offer a furnished apartment in months or years.While for the moment, only the mayor of Paris seems to enforce Article L. 631-7, the latter is, in theory, applicable in all municipalities of Hauts-de-Seine, Seine-Saint-Denis and Val-de-Marne, and in all cities of over 200,000 inhabitants . As for the apartments in the rest of France, they can still be done freely. </p>
<p> 1. What are the advantages of furnished? </p>
<p> Rent furnished can request at district and area equivalent, a higher rent than unfurnished apartment, in the range of 5 to 10% in Paris, and from 15 to 20% in the provinces. Over short periods, for weekly rentals or monthly, the differential is even greater.Then, the furnished is legally more flexible to implement, even if the law of 2005 imposes Borloo a lease for a minimum period where the property is the residence of the tenant, and restricted the ability to give notice <a href="http://unsecured-personal-loans-quick.com">need a personal loan with bad credit</a><!-- . -->. You can still freely set the amount of the deposit, earn a guaranteed unpaid rent and security deposit of one third, or ask for advance payment of rent. Last trump, rents from a furnished rental is taxed to the regime of industrial and commercial profits (BIC). This allows, among others, to depreciate the property and furniture on rental income of the same nature or, under certain conditions, the overall income. </p>
<p> 2. All markets they lend themselves to rent furnished? </p>
<p> No, furnished only targets certain categories of tenants, including students, tourists and executives on a mission.Nonexistent in rural areas and suburbs of large cities, this market is very dynamic, however, in the inner cities and regional cities in all the boroughs of Paris. There is also a real demand in the inner suburbs of Paris, close to the common defense. </p>
<p> 3. What precautions to take before launching? </p>
<p> The accommodation must be adequately furnished and include linens and table, lighting, tableware and household appliances. All to be in excellent condition to meet the expectations of a demanding clientele. Better to opt for quality equipment that could stand the test of many tenants. In addition, prior to the furnished, make sure your building regulations do not prohibit it.Finally, if you plan to embark on large-scale tourist rental, be sure to ask an administrative authorization. </p>
<p> ALSO READ </p>
<p> &quot;THE INDIVIDUAL: Is it wise to rent furnished? </p>
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		<title>Nerve, the Paris Bourse rebounded timidly</title>
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		<pubDate>Sat, 24 Sep 2011 06:23:53 +0000</pubDate>
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		<description><![CDATA[ The tension was still palpable on Friday on financial markets. The fear of a relapse of the global economy continues to weigh on investor sentiment. After the debacle of Thursday, the CAC 40 has attempted a rebound shy at the beginning. He then procrastinated for most of the session to finally close on a [...]]]></description>
			<content:encoded><![CDATA[<p> The tension was still palpable on Friday on financial markets. The fear of a relapse of the global economy continues to weigh on investor sentiment. After the debacle of Thursday, the CAC 40 has attempted a rebound shy at the beginning. He then procrastinated for most of the session to finally close on a rise of 1.02% to 2810.11 points </p>
<p> In five days, the index of the Paris Stock Exchange dropped 7.3% since the beginning of the year, it now shows a loss of more than 26%. </p>
<p> The atmosphere was febrile also on other major European markets, which have moped for most of the day. London has finally gained 0.50%, and Frankfurt, 0.63%.Wall Street also tried to regain his senses. </p>
<p> Throughout the week the markets were concerned about the inability of monetary policy makers and reassure them. </p>
<p> Finance ministers and central bankers of the G20 countries, gathered since Thursday in Washington, pledged to &quot;make a strong and coordinated international response&quot; to the crisis. For their part, major central banks around the world have pledged to continue &quot;to support recovery&quot; and promised to ensure that &quot;banks have adequate capital.&quot; In vain.Immersed in doubt, investors offload the risky assets. </p>
<p> Jean-Pierre Jouyet, the president of the AMF, the policeman of the Paris Stock Exchange has agreed that the situation remains &quot;very worrying&quot; and expressed concern of a &quot;risk of systemic crisis&quot; able to dive the entire financial world into chaos. </p>
<p> Banks have also had a meeting even under high tension. They are finally rising again after about a member of the Board of Governors of the ECB that the institution &quot;could reintroduce refinancing operations a year for banks,&quot; according to Patrick Jacq, economist at BNP Paribas . Societe Generale has increased from 8.76% to 9.78% BNP Paribas and Credit Agricole of 4.78%. Over the whole week, the titles of major French banks, however, blame the loss of more than 10%.The heaviest fall of the CAC 40 of the last five trading days, however, returned to Vallourec, cyclical value par excellence that shows a loss of 17.5% for the week. No value no CAC 40 ended the week in the green. In the SBF 120 JCDecaux climbs over 10% for the week. The title is valued by analysts to the strength of its prospects and the recurrence of its results. </p>
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		<title>Real estate capital gains: does it sell quickly or not?</title>
		<link>http://pfagallery.com/real-estate-capital-gains-does-it-sell-quickly-or-not/</link>
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		<pubDate>Sat, 17 Sep 2011 20:32:07 +0000</pubDate>
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		<description><![CDATA[ Sesame exemption from capital gains realized on the sale of real estate other than principal residence is dropped from fifteen to thirty years in prison for acts signed by the notary from 1 February 2012. Given the time &#8211; about three months &#8211; required between signing the sale agreement and the final act, the [...]]]></description>
			<content:encoded><![CDATA[<p> Sesame exemption from capital gains realized on the sale of real estate other than principal residence is dropped from fifteen to thirty years in prison for acts signed by the notary from 1 February 2012. Given the time &#8211; about three months &#8211; required between signing the sale agreement and the final act, the owners have until early November 2011 to find a buyer and receive the current system that allows the application of a 10% reduction, from the sixth year of detention, leading to de facto full exemption in fifteen years. </p>
<p> After this deadline, if the reduction from still scene from the sixth year of detention, he falls to 2% per year until the seventeenth year of detention, then goes to 4% per year until the twenty-fourth year and 8% per year until the thirtieth year <a href="http://payday-z.com">Low fee payday loans</a><!-- . -->.In summary, 80% of the capital gain is taxable after fifteen years of detention, fateful moment of the advent of the exemption, under the current system. </p>
<p> The game of allowances is relatively complicated, you can use our simulator real estate gains that calculates the tax due before and after tax reform, based on purchase price and the selling price of the property. </p>
<p> &quot;Simulator real estate gains </p>
<p> The tax rate is maintained at 19% for sales occurring in 2011 for the record, it was 16% for those signed in 2010 which should be added 13.5% social whose overall rate was increased 1.2% for goods sold from the 1st October 2011. Finally, the note amounts to 32.5%! </p>
<p> ALSO READ: </p>
<p> &quot;How to reduce the tax bill for real estate capital gains? </p>
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		<title>Iceland crisis: a former prime minister tried</title>
		<link>http://pfagallery.com/iceland-crisis-a-former-prime-minister-tried/</link>
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		<pubDate>Tue, 06 Sep 2011 07:48:06 +0000</pubDate>
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		<description><![CDATA[ While the specter of economic collapse now seems ruled out in Iceland, it is time to settle accounts. With the front line, the trial of former Prime Minister Geir Haarde, which opens Monday. Before the Landsdomur, unique court empowered to try ministers or former ministers, it must meet its responsibility for the collapse of [...]]]></description>
			<content:encoded><![CDATA[<p> While the specter of economic collapse now seems ruled out in Iceland, it is time to settle accounts. With the front line, the trial of former Prime Minister Geir Haarde, which opens Monday. Before the Landsdomur, unique court empowered to try ministers or former ministers, it must meet its responsibility for the collapse of the financial system in 2008. In a financial crisis, the three largest banks in the North Atlantic island have failed, as they held assets equivalent to 923% of its GDP. Prime Minister and head of the Independence Party (right), Geir Haarde was forced to hand over the resignation of his government in January 2009. </p>
<p> The firm, which will incur up to two years in prison, but hopes a dismissal during the trial, relying on a pure and simple abandonment of the prosecution.For him, it is only a &quot;political farce&quot; orchestrated by &quot;old enemies&quot; of opposition now in power. Evidenced, according to his lawyers, that it is the only politician to appear in court. They argue that the parliamentary committee responsible for determining the individual responsibilities of the former government had initially proposed the indictment of four people. </p>
<p> To many political scientists, this position of scapegoat undermines the credibility of the judicial process. &quot;Unfortunately, the Althing (parliament, dominated by a leftist coalition, ie) was not smart in deciding to charge him,&quot; said political science professor Gunnar Helgi Kristinsson, University of Iceland  <a href="http://free-credit-reports-repair.com">cheap credit report</a><!-- . -->.According to him, &quot;shenanigans and personal stories have weighed heavily&quot; in the current troubles of the former Prime Minister, who is the victim of a revenge from former opponents. </p>
<p> A European survey
<p> In this &quot;house cleaning&quot;, Reykjavik has added a European dimension. Icelandic President Olafur Ragnar Grimsson asked Sunday in Brussels to launch an investigation to determine how it may have allowed Britain and the Netherlands to exert such pressure on the country in case of bankruptcy Icesave bank in 2008. London and The Hague had then advanced 3.9 billion euros to compensate their nationals injured 340,000. But Icelanders have rejected state reimbursement of that amount in two referendums.But last Thursday, the bank Landsbanki, parent company of Icesave, said he had recovered sufficient funds to pay all bank deposits. </p>
<p> Instead of rushing to accept applications and &quot;absurd&quot; of Great Britain and the Netherlands, &quot;experience shows that it may be wise to wait,&quot; commented the president of Iceland. Remarks that sound like a lesson for EU officials entangled in the debt crisis. While on the other hand, Iceland seems out of the woods, growing from 2% in the first quarter compared to the same period last year. Similarly, observers believe that the country could do without the final installments of the loan of 1.45 billion euros granted by the IMF after the collapse of its banking system. </p></p>
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		<title>The Assembly urges the battle of the tax loopholes</title>
		<link>http://pfagallery.com/the-assembly-urges-the-battle-of-the-tax-loopholes/</link>
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		<pubDate>Mon, 05 Sep 2011 05:00:23 +0000</pubDate>
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		<description><![CDATA[ Week of Living Dangerously! Parliament will enter tomorrow&#39;s review of the draft supplementary budget plan that includes financial support to Greece and the first steps-deficit made ten days ago by François Fillon. The goal? Vote on 12 billion euros in savings over two years which should enable France to comply strictly with its path [...]]]></description>
			<content:encoded><![CDATA[<p> Week of Living Dangerously! Parliament will enter tomorrow&#39;s review of the draft supplementary budget plan that includes financial support to Greece and the first steps-deficit made ten days ago by François Fillon. The goal? Vote on 12 billion euros in savings over two years which should enable France to comply strictly with its path to reduce public deficits and to keep its &quot;AAA&quot; rating from the rating agencies. </p>
<p> The debates will be difficult if one relies on the controversy that shook the majority in recent days about the increase in VAT on new theme parks. The revolt, led by former Prime Minister Jean-Pierre Raffarin, has also occupied much of the UMP conversations on campus this weekend in Marseille. And leads to development of François Fillon during his closing speech.&quot;Nothing is taboo and nothing is left,&quot; said the Prime Minister as an open &#8230; before closing the door. &quot;The government is open to criticism and amendments, provided they do not involve the amount of effort or their balance, he warned. Consumption, business competitiveness and purchasing power of smaller should not be affected by the adjustments to be proposed. &quot; </p>
<p> Competitive threat
<p> To compensate for the 90 million shortfall in the expected drop &#8211; Finance Committee voted and announced by Jean-Pierre Raffarin following a meeting with Nicolas Sarkozy &#8211; the measure &quot;theme parks&quot; Gilles Carrez, the rapporteur of the budget UMP , offers a flat rate tax on luxury hotels room rates. An alternative measure already opposed by industry lobbyists.Frédéric Lefebvre, Secretary of State for Tourism, that the tax court &quot;would deal a blow to the competitiveness of French tourism.&quot; At Bercy, it also highlights the fact that hotels could circumvent the tax by asking to be downgraded. As managers of the establishments referred, they fear that their net worth &quot;going to other capitals cheaper.&quot; Who said it was easy to delete niches in France? </p>
<p> ALSO READ: </p>
<p> &quot;Deficit: the luxury hotel business could be taxed </p>
<p> &quot;No increase in VAT on theme parks </p>
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