In a note of Bercy, revealed by the website of Marianne, we also learn that these revenues are mostly from Heritage furniture. A note that also challenges the ISF. Income Statement
The 100 richest French were divided in 2008 tax revenue of 2.8 billion euros, up 94% of capital income, said Monday the website of Marianne, citing a note of Bercy.
According to this note sent to twenty parliamentary majority, the 100 largest French incomes have pulled the bulk of that income – 28.7 million euros on average – of their capital.It comes to 91% capital gains securities (stocks, bonds), for 3% of income from real estate, to 2% of commercial revenue, and only 4% of wages, pensions and retraites.A Conversely, Income tax average reference of all French taxpayers, who stood in 2008 to 22,202 euros per year, is drawn at 85% of salaries, pensions and retirement.
According to Marianne, which cited the note of Bercy, the 100 largest estates taxed to the solidarity tax on wealth (ISF) earn much less than the 100 largest taxpayers, which could weigh in favor of abolishing this tax. The tax reform of heritage, which should result in the spring to the removal of the tax shield, and perhaps the ISF should be outlined on Thursday during a conference at Bercy.
The growth of the U.S. economy was estimated initially slower in the fourth quarter, mainly because of declining state investment and lower growth than expected consumer spending, statistics released Friday show .
The gross domestic product growth was revised down to an annualized pace of 2.8%, said the U.S. Department of Commerce for its second estimate, against 3.2% originally announced.
Economists polled by Reuters had forecast an average upward revision to 3.3%. The U.S. GDP grew by 2.6% in the third quarter.Over the full year 2010, spring growth of 2.8% against 2.9% estimated earlier.
These data support the concerns of the Federal Reserve that the pace of growth remains insufficient to significantly reduce the unemployment rate stood at 9% in January, and reinforce the idea that the central bank will go through its program of $ 600 billion sovereign debt buyback to support the economy.
"A little disappointing, but it was largely built and fears are mainly brought about growth beyond the first quarter, both in relation to soaring oil prices as the budget impasse, which could both lead to reductions in public spending, "said Avery Shenfeld, economist at CIBC World Markets in Toronto.
After this publication, the current U.S. debt erased some of their losses while the dollar continued its decline against the yen.
The state spending shrank more than expected 1.5% in the fourth quarter against 0.6%, the decline having seen both federal and local level to remove a total of 0.31 percentage point growth.
Consumer spending for their part, grew 4.1%, a slower pace than the 4.4% expected by economists.
This rhythm is still the fastest since the first quarter of 2006 and marks an acceleration from the 2.4% increase the previous three months.
RETURN OF INFLATION
Some observers fear that the soaring oil price affects consumer spending and slow economic recovery comes.
Washington has raised its spending on business investment, while those on equipment and software have been lower than expected.
The total of these investments grew by 5.3% against a previous estimate of 4.4%.
Spending on equipment and software were up 5.5% against 5.8% previously announced.
Business inventories have removed 3.7 percentage points of GDP growth, as estimated in January. They amounted to 7.1 billion dollars against 7.2 billion first estimate.
Excluding stocks, the economy grew at a rate of 6.7% against 7.1% announced in January.However, this reflects the stronger growth in domestic demand as external since 1998.
Exports and imports were revised upwards, with the balance contributed 3.35 percentage points of growth by 3.44 points compared to previously estimated.
These data confirm the return of inflationary pressures that affect in particular the prices of fuel and food.
The index of consumer prices (PCE) was up 1.8% (unaudited) in the fourth quarter, up sharply from the 0.8% in the third quarter. Excluding volatile prices, it increased by 0.5% against 0.4% in the first estimate.
The increase, equivalent to that of the third quarter is the lowest ever recorded.
Safran said Thursday its intention to reproduce in 2011 up 20% of its operating income recorded in 2010, slightly above market expectations thanks to cost cuts and the gradual recovery of its activity.
The equipment manufacturer specializing in aerospace, defense and security also expects this year to grow by at least 5% of its turnover, mainly driven by an increase of 10 to 15% of services in civil aviation and its development in security.
The Corporation has paid a dividend of 0.50 euros per share for 2010 against 0.38 euros in 2009, shows a margin of 8.2% with the aim of crossing the threshold of 10% in 2012.
Safran ended the year with net cash of 24 million euros instead of a net debt of 498 million a year earlier thanks to a generation of free cash flow of 934 million.
European shares ended the session down, the situation Jamahiriya prompting investors to turn to less risky assets than equities.
The Paris CAC 40 index dropped 1.15% (-47.14 points) to 4050.27 points on the session.
The London Stock Exchange has sold 0.30% to 5,996.76 points and Frankfurt 0.05% to 7318.35 points.The pan-European Eurofirst 300 index finished down 0.58% at 1164.60 points.
The challenge in Libya, an oil producer, is raising fears of another rise in black gold, which could undermine global economic growth.
Libya also announced the suspension of all imports or exports, according to sources.
The airlines are particularly affected by rising oil prices and a possible interruption in production, the index in the travel and leisure STOXX Europe 600 yielding 1.17% on the session.
The Food and Drug Administration (FDA) has also issued a warning to the U.S. subsidiary of Sanofi-Aventis for its deficiency in reporting of side effects.The title was losing 2.2% in the Paris Bourse.
These losses have been limited by the publication of encouraging statistics for the U.S. economy.
The World Bank President Robert Zoellick called on leaders of the G20 "consider food as a number one priority in 2011. The new surge in food prices since the summer of 2010 raised fears of a new crisis after the 2008
Soaring food prices is now reaching a crisis level and increases political instability, warned Saturday in Paris on World Bank President Robert Zoellick, on the sidelines of a meeting of G20 finance ministers. "I said we've reached a crisis level," said Zoellick at the press, which reported the comments he made before the central bankers of the world. He called the G20 leaders to "consider food as a number one priority in 2011.
Rising food prices will encourage increased agricultural supply, but in the next two years "there could also have a mass of troubles, the government could fall and companies falling into chaos," said M . Zoellick. The continuing rise in food prices, fueled by rising agricultural commodity prices is a cause of the current upheavals in the Middle East and North Africa.
"We must be very sensitive to what happens in terms of food prices and the potential impact they can have on political stability," added the president of the World Bank, during a conference call with several journalists .The international community must stand ready to respond quickly to help countries like Tunisia, where President Zine El Abidine Ben Ali was overthrown after a popular revolt, which gave the kick-off of other protest movements through throughout the Middle East and North Africa.
Rising food prices have dropped between June and December of 44 million people worldwide below the extreme poverty, according to the World Bank. The institution has made this estimate based on statistics on income and expenditure survey conducted in countries with low to moderate incomes. The threshold of extreme poverty is defined by spending $ 1.25 per day per person. According to the latest estimate from the World Bank, 1.2 billion people worldwide are below this threshold.
"The food prices continue to rise worldwide.The food price index of the World Bank has increased by 15% between October 2010 and January 2011, and only 3% below its 2008 peak, "said the institution in a statement." Pressures inflation caused by oil prices, energy and raw materials must be taken seriously, "said his part the president of the European Central Bank (ECB), Jean-Claude Trichet, at a conference press, after the G20 Finance.
Zoellick also ensured that the G20 ministers had been receptive to his speech and that this group of industrialized and emerging countries were prepared to act. "The best way to counter critics who say the G20 is a forum of discussion is to initiate real actions, and actions in favor of the poor is what we can do better" he said.France, which currently chairs the G20, has made food security and reducing the volatility of food prices a priority.
The volatility of agricultural prices and the difficulties of farmers should feed the discussions in the corridors of the 48th Agricultural Show which opens its doors Saturday. Interview with Jean-Michel Schaeffer, president of Young Farmers.
A few hours of opening the international exhibition of agriculture, all unions breeders, grain, traders and cooperatives were gathered around a table under the leadership of Xavier Beulin, President FNSEA. They have announced plans to reach an agreement between the chains of animal and plant by next summer. His goal: to mitigate the effects of volatile commodity prices, deadly for livestock producers. L'Expansion. Com met Jean-Michel Schaeffer, president of Young Farmers.
Nicolas Sarkozy has made the fight against the volatility of agricultural prices as a priority at the G20.Are you satisfied?
Jean-Michel Schaeffer. Since the liberalization of markets for derivatives, powerful investors such as pension funds, with a considerable strike force, made the speculative market, exacerbating the volatility. This must stop. Of course, farmers had anticipated a rise in grain prices due to poor weather, but not with this brutality. To achieve smooth prices, the first track, that Nicolas Sarkozy will exploit is that of transparency. He wants to impose measures to ascertain the state of the market is still very opaque. The second is to encourage countries to replenish food stocks to smooth out price. And then there's a third way, that the United States begin to implement, which is to limit the number of futures positions an investor can hold on a single commodity.But we, farmers around the world, are currently building our farm outside G20 G20 finance. By May, we will have proposals we submit to the government.
In the short term, how to get out of this crisis that affects mainly livestock farmers?
Requires that farmers can pass price increases in the consumer basket. This is crucial because one in seven jobs depends on agriculture. To accomplish this, the sector must organize itself to weigh more heavily on retail.
2014 fast approaching, with her future Common Agricultural Policy (CAP). What are your wishes?
We advocate a PAC that capitalizes on the diversity of European agriculture and meet the expectations of both citizens and farmers' concerns. We also want it boosts the channels and territories.And we need this new facility supports the CAP youth. Just 7% of farmers have less than 35 years. In France, more than 40% of farmers who leave the profession within the next fifteen years. The Future PAC is designed with a new generation and we want to be actors.
The general secretary of the Workers Force has again defended before the stewards in Congress, the strategy alone. The Secretary-General Jean-Claude Mailly FOR here during a demonstration against pension reform in September 2010
The Secretary-General Jean-Claude Mailly FOR landed Thursday, February 17 at Congress in Montpellier champion of independence and freedom union, defending "an axis FO-FO" against "an axis CGT-CFDT. Responding to the rostrum to the 150 delegates who have spoken since Monday on the report of activities of the confederation, Mr. Mailly attacked again in central and Bernard Thibault Francois Chereque, for supporting reform in 2008 union representation based on votes in elections.
"We are not aggressors.It's not that we did everything to change the rules (…), saving devices, "said the boss of TF. But, he added," we do not usually do not react when you disagree. "According to Mr. Mailly, CGT-CFDT alliance during the conflict over pensions last fall owed nothing to adjacent positions on the merits of reform, because on this issue "there are more similarities between FOR and CGT between the CGT and CFDT.
"The focus on pensions CGT-CFDT, is an axis on the representativeness, nothing else!" He said. The Secretary General stressed that President Nicolas Sarkozy had "pushed, in agreement with the CGT and CFDT, for this reform to be passed." Speaking in veiled arrangements union with political power, he said: "We do not eat this bread!".
He joked about the fact that "the couple Thibault-Chérèque," hissed through the room on this occasion, was shortlisted for the prize of the "regulator of the Year 2010" awarded by the weekly Le Nouvel Economist. "There is no chance in life!" Exclaimed Mr. Mailly. The daily Les Echos having asked recently about "an axis FO-CFDT," Mr. Mailly said that "there will be none. There is no more than CFDT FO-axis of CGT-FO axis. There is a CO-CO axis and that's enough! "said the leader.
Jean-Claude Mailly said he had "confidence" in the future of SF. "By cons, you need to boost, you need to boost on everything," he adjured arguing that it is "much easier" to see the claims satisfied "when you have a union with thousands of members and good election results. ""Fight your foot off, resist, negotiate, insist!" He said before the vote on the activity report, the result should be known Friday.
Barclays said Tuesday that it will adjust its portfolio to boost its profitability face a more stringent regulation.
The British bank has reported a jump of 32% of its annual profit above expectations.
In exchange, the title took 2.7% to 319.2 pence at 8:50 GMT after these announcements.
Bob Diamond, chief executive of banking group since the beginning of the year, said a more stringent regulation would reduce yields and said now predict a return on equity of 13%.
He said he requested a "review disciplined, rigorous and continuous" portfolio to get there.
The bank recorded last year, up 20% of its staff costs to 11.9 billion pounds, but premiums have instead declined by 7% for the whole group and 12% for bank Investment Barclays Capital (BarCap).
Taxable profit stood at 6.1 billion pounds (7.25 billion euros) in 2010, after a profit of 4.6 billion in 2009, an increase largely due to a decrease of 30% to 5 , 7 billion pounds of credit losses.
Analysts polled by Reuters Estimates had forecast an annual profit of 5.7 billion pounds.
The net banking BarCap reached 3.4 billion pounds in the fourth quarter, up 20% over the third quarter.The investment bank has halted several quarters of falling GDP and has done better than its competitors.
Bob Diamond has also said that 2011 had started well, GNP and earnings being higher than the monthly average last year.
The bank also confirmed changes in the method of awarding bonuses to performance. They will be spread over three years and will be paid only if the ratio of Tier 1 "core" is 7% at least.
Barclays will not disclose the salaries of its board of directors and its best before the publication of annual report.
The magnates of raw materials and metals dominate the 2010 ranking of Russian billionaires. Lissine Vladimir, head of the Novolipetsk steel mill retains the top spot with a fortune estimated at 21 billion euros.
Russian billionaires have turned the page of the crisis in 2010, according to the Monday edition of the magazine Finans, which for the second year running up the steel magnate Vladimir Lissine top of its annual ranking of the richest men in the countries.
"The crisis is over," said the newspaper in the introduction, which sets an annual ranking of leading wealth of Russia. As proof, the number of billionaires has jumped to $ early 2011 to 114, representing an increase of almost 50% compared to 2010. Unheard of: the last record, which dates back to 2008 was 101.The number of businessmen whose wealth exceeds one billion dollars had then dropped sharply in 2009 to 49.
For the richest citizens of Russia, most of whom have built their fortunes in the troubled period that followed the collapse of the USSR in 1991 by taking advantage of the privatization of the jewels of the country – have also suffered, not without crashing, the effects of the global financial crisis.
But the rise in world markets the prices of raw materials, primary sources of revenue for the country, allowed multimillionaires to recover. And the biggest winners are those who are engaged in the metals sector, the latter experiencing the fastest growth market, said Finans.
This allowed the owner of the Novolipetsk steel mill (NLMK) Vladimir Lissine to retain its top spot in the ranking of billionaires.At nearly 55 years, this quiet man, a father of three children, saw his fortune multiplied by 1.5 in 2010 to $ 28.3 billion (21 billion euros), against 18.8 billion a year ago, the newspaper said.
Mikhail Prokhorov, the head of the investment fund Onexim who owns shares in the aluminum giant Rusal and gold producer Polyus Zoloto, also remained in second place with a fortune estimated at 22, 7 billion dollars (16.8 billion euros).
However, with its $ 17.1 billion, the owner of London soccer club Chelsea boss holding Millhouse LLC, Abramovich, has left the third step of the podium to find relegated to fifth place. The Russian head of a huge real estate empire, was notably affected by the weakness of the market recovery in Europe, says Finans.
And it is the businessman Alisher Usmanov, sitting on a fortune of $ 19.9 billion, which replaced it. The billionaire also owns a London football club Arsenal, is the head of the holding Metalloinvest. The latter, which should go public this year, is valued at 20 billion dollars, according to preliminary estimates, note Finans.
The contractor, a native of Uzbekistan, also has a valuable asset to his involvement in the holding company Mail.ru Internet Group, which has successfully completed its introduction on the London market in November, valued around $ 5.7 billion .
Nibbling two places Oleg Deripaska, owner of the world's number one aluminum Rusal, finds himself in fourth position, his fortune being estimated at 19 billion. The businessman was in 2008 considered the wealthiest man in Russia.
Kraft Foods announced Thursday a decline in earnings in the fourth quarter because of charges related to the acquisition of Cadbury.
The food group has reported a net profit of $ 540 million, or 31 cents per share, against 710 million (48 cents) a year ago.
Turnover jumped 30% to 13.77 billion dollars, a result mainly from the purchase of Cadbury.
The action ended down 0.4% to 31.11 dollars on Wall Street and still lost 1.6% in after-hours trading.