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After the government advertisement To reduce the funds allocated to several departments, Jean-Louis Borloo has described some of the measures envisaged to his ministry, according to Les Echos published on Friday. The Department of Ecology and Sustainable Development is indeed an important concern to put on a diet of government: it gives rise to tax benefits more expensive for the state (15 billion euros after Les Echos) that it would reduce to 8.5 to 10 billion euros. Moreover, these measures increase of 800 million euros annually.

In all, nearly two billion euros would be saved by 2012, including one billion on niches "green" these tax benefits related to work "green". Jean-Louis Borloo has raised the deduction available to individuals who install photovoltaic panels on the roof of their home.The shortfall for the State is estimated at 800 million euros. It could therefore be reduced by at least 50% reserved for existing homes.

The list of works "green" that give rise to tax benefits could also be reduced. The tax cuts themselves could also decrease by 10%. As for renovations "non-green", they could lose their advantage of a VAT at 5.5%.

Finally, the government also calls into question his support for biofuels. They enjoy a double benefit: a reduced fee and the requirement for all distributors to offer for sale.

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"France Televisions: Pflimlin takes command

The association UFC – Que Choisir has just published a study on 3G mobile phone plans denouncing "the false promises of unlimited Internet. According to this study, 41% of consumers are not satisfied with the 3G connection on their mobile phone.

The association of consumer advocacy focuses on two points. First, it denounces the bridle in all mobile networks operators and found that the rate (or velocity) is deficient in all mobile operators. "59% of the reported rates do not exceed one megabit per second when the 3G theoretically allows a throughput of 7.2 megabits" said Edouard Barreiro, director of studies at the association of consumer protection.

Second, the study notes that the nature of the packages called "unlimited internet" is often questioned by users.Indeed, how can it be considered an access to the Internet access to a network crippled (no VOIP or P2P for example) and sometimes (eg in some packages of Orange) excludes even download emails?

In this context, concludes UFC-Que Choisir, it is not surprising that 41% of users are dissatisfied with their 3G connection payday loan lenders. And the association calls on governments a regulatory framework in three points. Firstly, the operators use the term "Internet" to refer only to universal access to all content. Secondly, they cease to call 'unlimited' offers subject to a quota of data exchanged.Finally, the operators are required to provide their customers with a clear and accurate information on the characteristics of service (speed, coverage, network saturation, etc..).

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"DOCUMENT – survey in its entirety

A symbolic announcement just days before the opening of the G20 summit in Toronto. The People's Bank of China, the Chinese central bank, announced Saturday that it had decided to continue the reform of the mechanism of the exchange rate of the renminbi (yuan's other name) in order to "increase the flexibility .

"The world economy is recovering gradually. The recovery and rebound of the Chinese economy is increasingly confirmed, leading to greater economic stability, "argued the central bank in a statement published in English on its website. "It is therefore advisable to take the reform of RMB exchange rate."

Since summer 2008, the yuan has remained stuck at around 6.83 against the dollar, fluctuating within a very narrow margin vis-à-vis the greenback.A contentious issue between China and its trading partners, most notably the United States, who believe that the yuan is undervalued, allowing Beijing to sell its products for export at very competitive prices.

In a letter to heads of State and Government of the G20 on Friday, President Barack Obama had given the record of the yuan on the table, a reference to it. "I also want to stress that exchange rates determined by the market are essential to global economic vitality," he wrote in his letter.

China has always rejected international pressure. The Deputy Foreign Minister, Cui, had also insisted on Friday that the issue of the yuan would not be up for discussion G20 payday loan companies. "The renminbi is the currency of China.This is not something that the international community needs to discuss, "he told a joint press conference with Zhang Tao, head of international department of the Central Bank.

A move immediately welcomed

Announcing this on Saturday continued reform of the yuan, the central bank has focused on "China's efforts to encourage a global rebalancing. The institution has admitted that the "special policy" introduced by Beijing in the heart of the global financial crisis had perhaps more reason to be in a context of economic recovery, but recalled however that "the stability of the yuan has played a major role in mitigating the impact of the crisis, which has contributed significantly to the recovery in Asia and the world.On the other hand, the central bank has insisted that the gradual return to a flexible exchange rate of the currency does not mean "great changes or major changes, namely a re-evaluation.

The gesture was appreciated nonetheless. Timothy Geithner, U.S. Treasury Secretary, said in a statement that the reform of the yuan could make a "positive contribution" to global growth. "We welcome the decision by China to strengthen the flexibility of its exchange rate," he said. The Director General of the International Monetary Fund (IMF), Dominique Strauss-Kahn also found that Beijing's decision was "very encouraging".

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"New wrestling around the yuan

The banks have apparently not learned the lessons he's passed. While the crisis has raised among investors need for transparency and simplicity in marketing financial products, Madeleine Guidoni, mediator of the MFA, criticizes them in his 2009 report published on May 28 last, having taken their bad habits: those not well enough informed their clients about their content that sells the Fund or market products that are too complex and not meet the expectations of their customers. What about the first five months of the year 2010? "We see no obvious improvement vis-à-vis the general public," she says. The marketing of financial products was the main (67%) claim of investors in 2009, in mediations.This is why at the end of April, a common pole with the supervisory authority was created "to strengthen the control of the marketing of financial products," stated the AMF said in a statement in May last. Called Insurance Savings Bank-Info Service, will come in three forms: a website, a helpline and a mailing address that will be implemented "in the month of June," says one to the AMF.

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"Dust volcanic paralysis airport dangerous for the economy." The Confederation of Small and Medium Enterprises (CGPME) became concerned Monday that could have consequences for European sky empty of planes. Dramatization? CGPME quick to point out a little further in his text that only SMEs "whose activity is immediately dependent on air transport" are currently affected.

If paralysis continues, the slow recovery of the economy will she threatened? "If this situation persists, all French SMEs encounter difficulties," worries CGPME. Everything depends on the duration of the flight ban imposed much of European airspace. "The problem is simple: the shock will be there temporarily or not?" Says Philippe Waechter, head of economic research at Natixis."For now, all this is annoying but does not call into question the economic recovery."

"A crisis of this type can be analyzed as attacks or an outbreak, however, significant events that have little overall economic impacts," said Nicolas Bouzou for its part, an economist at Aster. Especially since the paralysis of European airspace should not have a huge impact on trade between Europe and the rest of the world, according to the Economist: "80% of goods moved by boat. And the businessmen will still meet in videoconferencing payday loan instant. "

Attacks and pandemic

The situation is somewhat reminiscent of the paralysis attacks of Sept. 11, which at the time, had greatly affected the airline."This event has changed the behavior vis-?-vis the air, but the current environment is extremely different," relativize Philippe Waechter. "Today, if the ban is lifted, all restarts as before." September 11 has also not necessarily have any impact on the economy, beyond transport. "It is very difficult to detect traces of attacks on the World Trade Center on economic growth," said Nicolas Bouzou.

More recently, influenza H1N1 has raised fears the worst. Especially because of the flight ban could be decided to limit the spread of the virus. The worst-case scenarios developed while anticipating a decline in U.S. GDP by 1.5% year over year. Impact due to paralysis of all types of transport, the cancellation of sporting and cultural events and absenteeism rates of about 30 to 40% in companies.In comparison, the ash cloud would block more than 150,000 French nationals abroad. For a limited time.

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"Economic consequences cascade

"Volcano: expected improvement by the end of the week

Now that the reform of business tax is completed, the government will tackle, in January, a new project: the revision of rental values. These rental values are "administered" price of a home or business premises, prices of base used to calculate local taxes. Since they have not been revised since 1970, today they are disconnected from reality. Result: an inhabitant of a building of faded 1960s pay for the same area, more housing tax or property tax that a household living in an old building, dilapidated forty years ago but now renovated. An updating of rental values would end these inequities. But the losers – typically, the people of downtown – could see their local taxes rise by 50%!

Companies are not immune to these distortions."In our barometer for the property tax offices in Boulogne-Billancourt is a city that offers the tax rate the lowest among major cities (except Paris). But it appears 35th on the total cost of fees per square meter, due to higher rental values, "explains Pascal Martinet, director of tax audits of Alma Consulting Group, a consulting firm.

Revision of rental values, however, looks less sensitive to process for companies, because these do not vote. Precisely, the Budget Ministry, Eric Woerth, in charge of this matter, decided to tackle the reform starting with the company. "The dated nature of the bases is more strongly for local business," says his entourage.But the idea is mainly to see what happens revision bases for some 4 million of commercial premises, before launching a big bang about 32 million homes inhabited by the French.

Involve local and parliamentary

Gilles Carrez, the UMP rapporteur of the Committee on Finance of the Assembly, calls for a long time for this method in two stages. In contrast, Jean Arthuis, the centrist chairman of the Committee on Finance of the Senate, was opposed: "If the rental values no longer follow the same rules must be applied to property tax rates for different individuals and companies." At Bercy, we judge that this is not a problem.

Specifically, the Budget Ministry has put in place by January of working groups composed of members of associations of local elected officials, parliamentarians and government officials. "We did not set deadlines for completion.Everything depends on the speed of the consultation. We have no preconceived ideas on how to use ", said the entourage of Eric Woerth. In fact, the options are many. The leasehold basis can be stowed on the market value or remain an administrative prices set by the Treasury. The revision of bases may occur at the same date for all buildings in France or locally, by local, when a sale. Another option: the mayors may have liberty to set the timing of revision.

Finally, the impact of revisions will probably be spread over time to smooth the impact to taxpayers.

"Taxes geometry varies

"Rents: new coverage for owners

The Supreme Court has sentenced in mid-November the ISP Free, a subsidiary of Iliad, to pay 2,500 euros to one of his subscribers who had complained in 2004 unable to receive television has yet endorsed a bid Triple Play (offers TV / Telephone / Internet) in the latter.

The customer had initially attacked Free before a judge near Orleans, demanding repayment of sums paid as damages. The verdict delivered on 1 July 2008 had gone in the direction of the operator who spoke of the technical problems he had informed his client at the outset of his subscription.The judge had chosen and the "obligation of means" and not "result" to make its ruling.

"The obligation of result" reached by the Court of Cassation

The Court of Cassation found instead that Free was indeed subject to an obligation of result vis-?-vis his client to provide the service for which he had paid, and only one case of "force majeure" would could relieve the operator and justify the breach of his contractual obligation that the technical incidents are not mentioned.

Such a ruling could set a precedent.That case, in addition to its symbolic of the victory of a "simple" client on a company such as Free, has serious consequences for the entire sector, as it will force all providers to verify that TV services are actually available before offering them to their future customers, under penalty of prosecution.

Without recourse, the operator has been convicted yet declined comment.