In early July, the number of Declarations owe ISF stands at nearly 562,000, against 539,000 the same day last year, and the amount of total tax amounts reported this year 3.29 million against 3.13 million during the same period in 2009.

"These initial results on TFR must be confirmed by definitive and comprehensive statistics to be established in early 2011, the ministry said in a statement.

Moreover, the tax cuts provided by law for labor, employment and purchasing power increased by 16.7%, representing 838 million euros against 718 million in 2009, for a total reductions of 140,043 for investment in SMEs (small and medium enterprise) or donation to a charitable body (102.000 cuts $ 718 million in 2009).More than 1.1 billion euros have been invested in the equity of SMEs, according Bercy.

The Hexagon's interest to maintain this advantage: the French subsidiaries of foreign groups provide more than 2.5 million jobs, 20% of R & D and almost 40% of these exports are linked to foreign establishments.And since 2007, when the crisis was suffering its effects, new investment decisions by foreign companies will be permitted to "maintain or create approximately 30,000 jobs" each year.

"Beware the gap between what the economic data and leave out the perception of foreign investors," said Monday David Appia, president of the AFII. This paper attempts to twist the particular blow to conventional wisdom: that France would not fiscally attractive to businesses. "People often think that taxation in France is a weak point but in reality the situation is more complex," said Director General of CAS, Vincent Chriqui bad credit pay day loans.It must be determined "globally", argue the AFII and CAS.

"Strong signals"

The tax can not be reduced to the corporate tax (IS). "The effective tax burden on enterprises in France is much lower than the nominal rate of the SI would suggest," says the report. It must also consider the tax base and exemptions. Ultimately, if we look at the revenue of the IS reported to EBITDA, "France is in a better position, with a tax rate of approximately 17% of profits." Dietary improvements reserved for impatriate removing the ceiling of the research tax credit – now "the strongest incentive to Europe" – and the removal of business tax on productive investments also "sent a strong signal towards investors foreigners.

More generally, France is ranked fifth in the world for business location costs (employment, installation, transportation, taxes, equipment and energy) and one in Europe, the document stresses the AFII, which compiles data and existing rankings, making comparisons between France and eleven other neighboring countries.

To emphasize the installation of these centers in France, the Secretary of State may well introduce a surcharge "of calls from sites located abroad.Conversely, companies deciding to keep their call centers in France would receive the "nudges" as aid in recruitment, training, installation in rural areas or relief from social security contributions, believes Learn daily.

More transparency

Laurent Wauquiez would generally aim to "make practices more transparent" left to prepare "a list of poor performers. The fight against the relocation, however, looks very difficult. According to latest estimates, dating to 2008, the Union of professional contact center (SP2C), an employee of a call center Morocco is for example paid between 400 and 450 euros a month against a minimum of 1320 euro gross France (including bonuses and thirteenth month).The battle is also likely to face the refusal of the Commission in Brussels which could object to these tax measures.

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"We see a positive snowball effect on emerging market debt: a dozen countries have been under positive outlook by rating agencies, which herald a recovery of notes, analytical Anne-Sophie Girault, a specialist in this Market Aviva Investors. Moody's, Standard & Poor's and others see a positive view of the low debt ratio of developing countries, which averages less than 40% of gross domestic product. Twice as less developed countries.

The emerging markets have also gained credibility in the markets."They have improved their fundamentals, the local central banks are becoming more independent, inflation is under control and steering of public finances is good," Frank J. Nicolas, Natixis AM. And the economic outlook is much better than in Europe, for example.

Result: institutional investors have been interested for nearly ten months to market, providing stability. They take long positions. So far, only hedge funds were present in the short term, making the market very volatile. Today, the market is 360 billion of debt issued in dollars and 1.4 trillion dollars of debt issued in local currency.

Record demand

In this context, the demand for emerging market debt from the investment fund has beaten all records in the first half, according to the calculations of Aviva.At $ 31 billion, it almost reaches the levels of previous years in just five months.

Emerging now are they safe? "These are pseudo-safe investments," says Franck Nicolas. "Beware of Loved tobacco." Clearly, the emerging countries are always a risk of sudden reversal of the situation. And if their fundamentals, growth, inflation, debt-positive, "markets, very nervous now, can still cause a contagion" of the debt crisis in emerging countries, recognizes Anne-Sophie Girault.

This series of steps that must still be signed by President Barack Obama seeks to reduce the supply of gasoline to Iran.It involves companies or their affiliates doing business with the country providing refined petroleum products or helping to develop refining capacity.

Christophe de Margerie warned

Thus, Total said, speaking through his spokesman Monday that the suspension of deliveries of petroleum products to Iran, confirming information the website of the Financial Times Sunday. Total joins BP and Royal Dutch Shell in the list of petroleum companies halting oil sales to Iran cash till payday. Last April, Christophe de Margerie, Total's then CEO had said his group would stop sales to Iran if the U.S. legislation penalizing companies providing Teheran in petroleum products was adopted.

The group chaired by Christophe de Margerie declined to say more, including specifying the date of termination of deliveries nor the volumes of oil involved According to a source close to the oil group, it would be "marginal quantities" . To believe the traders interviewed by the Financial Times, shipments have been stopped "about a month ago.

Fourth largest crude producer, Iran lacks refinery on its national soil, and thus depends heavily on imports for its supply of gasoline and refined products.

At the Paris Stock Exchange, Total closed up 0.66% to 38.13 euros in a market up 1.61% to 3576 points.

Like last week, the attraction of gold can not be denied on the markets. Despite the aid plan of 750 billion euros earmarked by the European heads of state, investors worried and rushed to gold. The gold chains the record: the rising price ended at 1249.40 dollars, never seen on the London market which serves a global reference. On the London Bullion Market, an ounce of gold ended Friday at 1236.50 dollars at auction Friday night, cons 1202.50 dollars the previous Friday.

In its wake, the money is increased to a level it had attained over the past two years.The gray metal rose Thursday to 19.64 dollars, not far from $ 20 per ounce reached in March 2008, to finally finish the week at 19.64 dollars Friday.

Stimulated by the gold and silver, platinum group metals have rebounded after falling last week, victims of the strengthening dollar. On the London Platinum and Palladium Market, an ounce of platinum finished in 1721 dollars Friday. In turn, an ounce of palladium finished $ 536.

The dominant concern in oil markets

The continued turmoil in oil markets. The prices fell Friday to their lowest levels in three months to 70.83 dollars. On the Nymex, a barrel of light sweet crude for June delivery finished at 71.61 dollars, down 2.79 dollars compared to Thursday. Prices have been a difficult week, leaving more than $ 5 in four sessions.They are well below the levels of early April, when the barrel was mounted to $ 87. In London, Brent crude ended Friday at 77.20 dollars, yielding 2.93% on the week.

As the equity markets, the euphoria that had raised prices Monday has not taken very long. The markets saw a dim announced the austerity policies that could lead to a slowdown in oil demand. Moreover, the continuing fall of the single European currency, which fell Friday to its lowest level since October 2008 (1.2359 dollars), weighs heavily on the markets.

In addition, crude oil reserves rose 1.9 million barrels during the week ended May 7, two times more than expected.

Week of mixed fortunes for base metals

On the London Metal Exchange (LME), the week has been more troubled.Investors fear the rigors of European policies that could dampen growth. In addition, China has caused confusion by announcing lower than expected macroeconomic data: the rate of growth of China's industrial output slowed in April, rising 17.8% year on year, after 18.1% March.

Copper, considered a barometer of the market ended the week slightly up to 6955 dollars per tonne. The aluminum stabilized this week at 2,093 dollars per tonne against 2,090 dollars the previous week.Zinc, nickel and lead have declined by 1.8% to 2.050 dollars per tonne, from 3% to 21,650 dollars per tonne and 2.4% in 1950 dollars.

Agricultural raw materials: sugar recovers

On Liffe in London, a tonne of white sugar for August delivery was worth 470 pounds on Friday against 435.80 pounds a ton for the same term last Friday. On the NYBOT U.S. a pound of raw sugar for July delivery was worth 14.88 cents against 13.64 cents a week earlier. But the euphoria is unlikely to last. The International Sugar Organisation (ISO) said Thursday he expected a surplus in 2010-2011 of nearly 2.5 million tonnes. Production is expected to grow in Brazil, India, Mexico.

For his part, cocoa was penalized by the strengthening dollar and profit taking. There is also an expected production increase in Brazil.Prices fell to 2,212 pounds per tonne in London and 2852 dollars in New York, respectively, the lowest since three weeks and a month. They ended the week at 2,232 pounds on Liffe and 2858 dollars on NYBOT.

Moreover, prices of wheat, corn and soybeans fell this week in Chicago, penalized by the rapid advance of planting in the United States. May 2, 68% corn, 60% of spring wheat and 15% of soybeans had been planted against respectively 40%, 47% and 8% on average over the past five years. In addition, the rising dollar makes U.S. production less attractive to export than those in Europe. The contract of corn for July delivery ended Friday at $ 3.63 and lost 2.4% on the week.The contract of soybeans in the same maturity fell to 9.53 dollars per bushel (-0.7%) while the wheat contract ended at U.S. $ 4.71 (-7.6%).

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United States to the European Commission, through France, many voices were raised for prompt action against speculation aimed Greece. A sign of nervousness of the market, rates on Greek bonds to ten years have passed that on Monday for the first time the 9% and bond to two years 13%, unheard of for a country in the euro area.Under pressure from financial markets, Athens has yet agreed Friday to call on rescue plan joint EU and IMF announced on Monday "concrete steps" to reduce its deficit "drastically," what reassure …

Aid before May 19?

German Chancellor Angela Merkel warned this weekend that his country would release the aid unless Greece undertook on a "credible" deficit reduction and reform. A possible aid payment would, then, before May 19, when the next bond issue in Greece.

Meanwhile, Wednesday's meeting of the Strategic Committee of the Federal Reserve, investors are sensitive to the strong performance of Wall Street, which closed Friday at its highest since 19 months and opened to the balance on Monday.165 earnings announcements of U.S. firms are expected this week. After Carterpillar and Texas Instruments on Monday, come Tuesday Dupont, UPS, and U.S. Steel. In the first three months of the year, Caterpillar earned $ 233 million against a loss of 112 million a year earlier and raised its forecast for 2010, so the title jumped 5.76% to 72 $ 74 in session on Wall Street.

In Paris, the banks have been unevenly weakened by the turmoil on Greece. As Credit Agricole lost 0.29% to 12.225 euros, also because of a lowering of recommendation from analysts of Credit Suisse. BNP Paribas has taken revenge + 3.02% to 54.56 euros and Societe Generale clinching 1.33% to 43.675 euros cons about 2% earlier in the day.

This 42% increase in sales is twice what the group had planned two months earlier. In late February, when the annual results of the group, the Director-General Jacques Aschenbroich had said the first quarter was broadly in line with the activity of the previous three months, emerged up 21%.

"Valeo's business in the first quarter confirmed the group's ambition to become the partner of automakers in the technologies to reduce emissions of C02, for which we plan to double our turnover of 2013, "commented Jacques Aschenbroich, quoted in the statement, issued after-hours trade.

The automotive industry in France is supported by the boom in orders, which marked the end of 2009 in anticipation of the phasing out of the car scrapping. The second half of the year remains uncertain, and Valeo has delivered on Thursday any evidence on the evolution of the activity on the second part of the year. "Despite a moderate decline in car production in Europe, Valeo anticipates second quarter 2010 sales of the same level as the first quarter," simply stated the group.

The supplier has unveiled a strategic plan in early March by which it expects to achieve a turnover of ten billion euros and an operating margin of 6% to 7% in 2013.

In 2010, Valeo anticipates a near-doubling of its operating margin to 1.8% emerged in 2009, a goal also confirmed Thursday night.

At the Paris Bourse, Valeo closed down 0.77% to 26.36 euros in a market down 1.33%.

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Geoffroy Roux de Bezieux bench since its announcement in Le Figaro that he would not seek the presidency of the MEDEF, the campaign was revived with the announcement this morning.

"I want every business in France feel represented by the MEDEF" said one who had resigned just last year the ethics committee of the MEDEF. He added: "This is not the case today. The balance of Laurence Parisot is great, but it must go to the conquest of public opinion. I'm an activist and I will speak in the media. "

The high-profile president of the employers' movement Ethic acknowledged that 2009 has been difficult for the bosses. "They were attacked from all sides. To be closer to public opinion, he must reinstate a debate on the business cash advance payday loan. And for that, it is better to have two candidates. "

"The MEDEF has more need of me than I of him"

On the issue of pensions, Sophie Menthon supports the position that Laurence Parisot has urged the government Sunday to push the legal age of retirement.

Sophie Menthon appeared hesitant when she had to clarify whether it would have the 50 signatures needed to be sponsors of the presidential candidate of the MEDEF. "I think so. I am driven by entrepreneurs.The MEDEF has more need of me than I of the MEDEF, "she says.

The campaign for the presidency of the MEDEF was launched last week by its current boss, Laurence Parisot, who is seeking a second term.

Candidates have until May 1 to declare the election to be held on July 1.

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"The stability pact is a pact that states must respect and when they have not done what has happened? Nothing, "said former Finance Minister. He added: "The truth is that this crisis shows that when the weather is clement, the existing institutions work well enough. But when a storm occurs, such as the global financial crisis, the weaknesses of these institutions is clear. "

The story of "carrots and big sticks"

To ensure greater coordination of economic policies, Dominique Strauss-Kahn chooses metaphors. "If we really want that European policies are implemented, we have carrots and big sticks. If this does not work, says he. We never saw the stick that would really forced the states to do what they should do and to respect their commitments.

"The euro zone should do the housework" (former Latvian president)

Also present on the occasion of this debate, Vaira Vike-Freiberga, former President of Latvia, went even further cash advance no faxing. "I think the euro area has some cleaning to do at home. This is the priority. Everyone should have the same discipline.It seems that the sufficiency of which we have seen from the example of France and Germany, as regards the deficit, is also part of the problem.

Former Latvian President and deeply regrets that the member countries of the eurozone use the crisis to push the Greek expansion into Eastern Europe. "Straight talk: Member States of the euro area have not met their own rules. If they really respected the rules of the game, they would not be in the mess they are now, "she said. Latvia has set a target of 2014 to adopt the euro.Last year, gross domestic product in Latvia fell by 18%, the sharpest contraction recorded among the 27 members of the European Union.

Poland, for which the IMF p?rvu GDP growth of about 2.75% in 2010 and 3.25% in 2011, received one of the largest loan ever granted by the IMF, a line Credit called "modular" of 15.3 billion euros on which it can draw at any moment. Romania, where Dominique Strauss-Kahn has to go on Tuesday for his part received to date of 9.3 billion euro loan of 12.9 billion made in May 2009.