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We knew the loopholes in the tax and social in the sights of government. Fran?ois Fillon reiterated Thursday that he did not intend to scale back its ambitions in this area. Before the senators, the Prime Minister has once again stated that the government would propose the "elimination or capping of tax and social niches. Lower taxes for donations to associations, loan interest deductions for a property purchase, VAT at 5.5% for other work and reduced taxation for life insurance contracts now know what to expect !

Bercy's goal to reduce by 2 billion euros per year tax loopholes, and for 3 years. An ambitious goal that requires the Department of Economics at all look under the microscope, one by one. "There are two ways to act: either to consider each of the niches and see the feasibility of its abolition.Or set up a rule on all tax and social niches, "said Thursday the prime minister. In other words, the planing.

In late January, in an interview igaro F, Francois Fillon was e indicated that the government does would create "no more". "Then we must question their effectiveness: some of them are not, or more strategic. We will limit the other in time – to force us to regularly check if they meet their goals – and minimize their ceilings, "he explained.

Decisions mid-May

The government has made a religion on the subject for many months already.For even if the deficit was revised slightly downwards for this year – 8% of GDP instead of the initial estimate of 8.5% – a considerable effort will need to be made to the path of public finances on leave again the right slope, having slipped sharply during the crisis.

Politically, addressing niche has an advantage: it is the best way to increase taxes without seeming to. But the task is not easy technically. Touching the niches that benefit businesses? The government is not keen, not to nibble again their competitiveness, it has worked so hard to restore it elsewhere. Last week, Secretary of State for Employment Laurent Wauquiez, was thus excluded from the touch – even slightly – to employer contributions, because "the relief load is undoubtedly the policy tool of the job more effective. "It finds that, according to the minister, a report issued a few weeks ago by the Inspector of Finance, Jean-Luc Tavernier. According to the report, 21 billion of relief support enjoyed by companies on low wages would save between 600 000 and 800 000 jobs. Unable to touch in times of high unemployment.

Addressing niche enjoyed by individuals? Difficult also, without taking the risk of being accused of sacrificing the wallet of the French. On this issue, the prime minister has also several reports in his drawers for the inspection of Finance. One focuses on tax loopholes related to inactivity. Another niche on the taxation of savings. One thing is certain: the topic will be addressed at the national conference of the deficits projected for mid-May Nicolas Sarkozy has already announced that the decision "important" would be taken.

If confirmed, this would be the heaviest fine ever imposed by the U.S. National Highway Safety Agency (NHTSA) to a manufacturer. This requires the Japanese Toyota fined 16.375 million dollars (12.191 million euros). A record amount justified, she said, by the slow reaction of the manufacturer's faults found and deliberately concealed its vehicles.

The U.S. government accuses him of hiding Toyota for "at least four months' issues of accelerators is jamming in the down position, and this" contempt of risk "led to drivers. According to the Minister of Transport Ray LaHood, the leaders of Toyota "did not take steps to protect millions of drivers and their families."

Toyota has two weeks to pay the fine or contest it.If he refuses to pay and can not agree with NHTSA, the matter will be referred to a court.

Procedural defects

The NHTSA had opened an investigation last February 16 to see if Toyota had been slow to reveal these problems, finds a first time Toyota has not notified within five days after discovery of problems, as the law The imposed.

According to the U.S. Department of Transportation (DoT), the 70,000 pages of documents presented by Toyota have revealed that the manufacturer "knew his problems pedals are jamming on their own since at least September 29.It was at that date that Toyota "has launched repair procedures with its distributors from 31 European countries and Canada to address issues accelerator stuck, sudden increase and tachometer sudden acceleration of the vehicle, "says the report.

But the documents show that "Toyota knew that consumers in the United States suffered the same problems as those in Europe and Canada.Yet, September 29, the band announced the recall of 3.8 million vehicles in the U.S. claiming only the possibility that the accelerator pedal gets stuck in the floor mat and ignoring the problems of blocking pedals 'themselves in the lowest position online cash advance.

It was not until January 21 that the manufacturer recalls 2.3 million vehicles in the U.S., reported first involuntary acceleration unconnected mats but the pedals are blocking themselves . In the end, Toyota has recalled more than 6 million vehicles in the U.S. on 9 million recalled in the world.Either the largest recall ever recorded by an automaker.

Organizational Change

In a statement, Toyota has defended: "We have already taken a significant number of measures to improve our communication with regulators and clients on security issues and strengthened our commitment to quality." This includes "the appointment of a new director of quality in North America and a greater role dedicated to regional leaders in the decision making process related to quality," says the manufacturer.

But the DOT has not said its last word. He announced as still investigating to determine if the manufacturer had "committed other offenses meriting further sanctions."

Reminders continue

Meanwhile, Toyota continues its recall campaign.The Japanese announced Tuesday its intention to recall 12,984 vehicles sold in South Korea because of mats may impede the accelerator pedal.

The three models involved are the Lexus ES350, Camry and Camry Hybrid. Motorists concerned will receive free repairs from April 19.

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According to the index comprises the 50 largest capitalization in the Asia-Pacific, the S & P Asia, the trend is down slightly, from 0.23% to 3039 points to 7 hours, one day after closing without trend Wall Street.

In Japan, the Nikkei 2005 advance him, of 0.36%, 11,136 points, breaking yet another record 18 months after already rising the previous day. The weak yen Dopen export values.

In Hong Kong, the Hang Seng index plaice 0.13% at 21,346 points while the Shanghai CSI 300 loose 0.29% at 3357 points amid profit taking.

In Sydney, the S & P / ASX similarly lost 0.27% at 4903 points. The values of construction and saddled the financial index.While the flagship index of New Zealand rose 0.4% to 3262 points.

Oil side, in morning trading, a barrel of light sweet crude for May delivery yielded six hundred U.S. dollars to 82.31 while Brent North Sea with identical maturity took a cent to 81.29 dollars low fee payday advance.

Toyota setting sales surge

Sales in the United States of Japanese automaker Toyota, which fell in January and February in the wake of massive recalls, could have rebounded 35% in March on a year through a series of promotions, said Tuesday a spokesman for the group.

In Australia, MacArthur Coal soared (+14.6%) while the group has received an offer of 3.3 billion Australian dollars from an American mining group Peadoby Energy Corp., which he refused.

Also in the continental countries, BHP Billiton down 0.8% after the group was awarded with steel producers to fix prices of short-term contracts for coking coal.

Rio Tinto up 0.6% while four employees have been harshly sentenced to prison two days ago. The Australians have doubts about the conditions of the trial held in China.

The Commonwealth Bank of Australia lost 0.4%.

For Nicolas Sarkozy, "nothing would be worse than to change course." Three days after the defeat of the right in regional elections, the Head of State said "understand the impatience of the French", but promised to "continue the reforms."

In a television address after the Council of Ministers, the President detailed the major projects to come. Regarding pension reform, one of the most important issues of his mandate Nicolas Sarkozy has promised "not to go into force" while ensuring that it would be adopted "six months".

Also on the economic front, he expressed his desire to "continue to reduce labor costs and investment" to help France to recover from the crisis.Regarding agriculture, the Head of State expressed its readiness to provoke a "crisis in Europe rather than accept the dismantling of the Common Agricultural Policy.

The president also announced he would launch a "concerted" on the medical outreach. Several unions went on strike March 11 to demand a revaluation of the base rate of consultation, and a new operation is scheduled April 8

A law on the full veil

On social issues, Nicolas Sarkozy was back on the table the issue of the burqa guaranteed payday loans . "The full veil is contrary to the dignity of women. The government will introduce a bill banning "he said, without specifying the timing.

The president also brandished the threat of suspension of allowances for parents of children skipping classes. To the head of state, "the responsibility of parents must be committed." Moreover, "young people who can not attend a normal school will be placed in appropriate facilities where they disrupt the lives of most others and they will receive special support," he said.

The carbon tax postponed sine die

While stressing "the choice of a green tax", Nicolas Sarkozy confirmed on Wednesday that the Executive conditioned the establishment of the carbon tax to a hypothetical European Agreement on the device."I makes the creation of a carbon tax to a tax internal borders that will protect our agriculture and our industries against unfair competition from those who continue to pollute without shame", was it right after the first council government ministers slightly modified, which the Secretary of State for Environment Jouanno Chantal did not participate.

On Wednesday the European Commission has strongly urged the France "to clarify the budgetary strategy which will enable it to correct its excessive deficit and reduce its debt. The latter has in fact intended to increase "substantially because of the likely deficit, but also as a result of the issuance of public debt to finance public investment."In other words, Brussels is concerned about an economic policy which aims to increase the debt …

Ambitions intact

The Government does not intend to revisit all his ambitions downwards coincidence, Fran?ois Fillon returned Wednesday by the Council of Ministers launched the operational program for future investments – 35 billion that will go into teaching Higher education, research, industrial clusters and SMEs, sustainable development and digital.

The Prime Minister announced the holding of an interdepartmental committee before the end of April, "after which will be signed the first agreements between the State and operators responsible for the granting of funds" (OSEO, National Agency for Research Fund deposits …).

These agreements specify the selection process of projects – they will catch up to France, while creating wealth and jobs – and the arrangements for monitoring investments. They make it possible to launch "within weeks" of the first calls for projects for their selection as 2010.

The first would involve investment in high speed, "a subject on which we want to go fast," said a government source.

Moreover, the list of international juries who must select the campus of excellence is almost ready and their choices, investment monitoring, should be done quickly.In the field of nuclear research, the government also wants early investments occur this year.

Other actions, which do not require the launch of calls for projects, will lead "to finance faster," says Matignon. This applies for example to strengthen the core of OSEO to 1.5 billion euros, the granting of "green loans" subsidized industrial enterprises and aid for thermal renovation of housing for households with low incomes.

The Commissioner General for investment, Rene Ricol, has his eye on a single euro spent … What reassure Brussels?

Wall Street is expected in the red pre-meeting Tuesday. At the NYSE, the Dow Jones, Nasdaq 100 and S & P 500 retreat respectively of 0.05% at 10,548 points, from 0.13% to 2329 points and 0.23% to 1,136 points.

U.S. operators will choose to pocket a share of the gains made last week by caution before a salvo of indicators in the coming days. Especially since the main stock index hit a "low point" there is exactly one year, March 9, 2009. Since the S & P 500 has started the largest rally in history. In one year, the U.S. index has increased by almost 70%!

The next U.S. statistics are expected tomorrow with the traditional weekly report on unemployment. Weekly Market in the United States, will then be placed under the sign consumer.The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence.

The euro continued its decline against the dollar Tuesday, settling below $ 1.36, penalized by renewed concerns about Greece and the risk of contagion within the euro area, while the market remains cautious vis -?-vis a possible European Monetary Fund. At the opening of the NYSE, the euro bought 1.3562 dollars (-0.42%) against 1.3631 dollars late Monday teletrek no payday advance .This committee consists of twelve members: two state councilors appointed by the Vice-President of the State Council, two advisers to the Supreme Court designated by the first President of the Court of Cassation, six members appointed by the Minister Economy, and two employee representatives designated by the Minister of Economy.

In the meantime, this decision should celebrate the Adam (Association for the Defense of Minority Shareholders), and D?minor. Last March, the Adam chaired by Colette Neuville has indeed brought a criminal complaint against Natixis for "misleading", "false balance" and "fictitious dividends. In January, it was the turn of D?minor, firm specializes in advising shareholders, headed by Fabrice Remon, a complaint, but a civil rather than criminal.One option that could help stop the proceedings at any time to negotiate amicably with Natixis and compensate shareholders.

Although close to Fran?ois Perol BPCE current boss, is to think that Jean-Pierre Jouyet, chairman of the AMF, has at heart to carry out this procedure, to avoid the Paris to undergo another blow, we know it still marked by the action taken on the matter EADS.

The two former leaders of Natixis, Charles Milhaud and Dominique Ferrero, risk a financial penalty of up to 10 million euros.

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