When the total wealth of a taxpayer exceeds € 1,300,000, the latter is liable for the solidarity tax on wealth. The basis for calculation of this tax is calculated at roughly the same rules as that of inheritance. But for the life insurance, the comparison stops there.

Indeed, while these contracts are not (or partially) subject to inheritance tax, they are considered in terms of the ISF as any medium of financial savings. Thus, all life insurance contracts should be included in the taxable wealth. The value to be reported is that of the contract on January 1 of the tax year.

Namely: if the taxpayer held assets greater than € 3,000,000, must complete a detailed statement. The contract must be included in Appendix 3-1 of the Declaration of ISF, under "other property".

Reduce taxes on capital

Contracts of life insurance called "non-redeemable," that is to say those agreed in lost funds, are exempt from wealth tax. From this, some insurance companies have built contracts supposed escape partly or wholly, to the imposition. The most common contracts "to loyalty bonuses" and "contracts in euros diversified."

The contract to loyalty bonuses isolates for 8 to 10 years of financial support specifically, the interest generated by capital. These interests are blocked, and are not redeemable for the specified time. They are therefore exempt from wealth tax until they are reintegrated at maturity of the blocking period. But capital has remained on the taxable throughout this period. The contract is therefore only partially exempt from wealth tax and for a limited time paydayloans.

The life insurance contracts in euros has diversified in turn sought a more radical approach. In these contracts, the funds are frozen for 8 to 10 years, making them in principle non-redeemable. But the tax has not kept insurers in this field, and confirmed that these contracts remain taxable to tax on capital for their full value (instruction 7-S 4-10).

The acceptance of the beneficiary

Always to get these contracts from the base of the ISF, some experts have suggested to use the recipient's acceptance. Therefore the beneficiary of a life insurance contract has the option of accepting the earnings before or after the death of the insured.

If he does in his lifetime, the insured is blocked: it can no longer perform the redemption of his contract without the consent of the beneficiary. It seemed therefore possible to exempt these contracts because they were not freely redeemable. But again, the tax authority has raised an objection of inadmissibility (Ministerial response Dollez No. 18648). These contracts are taxable to the ISF.

The taxation of annuity

But in reality, the annuity is taxable to the ISF for its value called "capitalization." This value corresponds to that of capital which is gradually consumed to provide the annuity. It appears every year on the statement sent to the annuitant by the insurance company. It must declare the same as a life insurance contract.

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From our correspondent in Rome

With a key concession, Mario Monti has torn their agreement to the political forces for reform of labor law that has as its capital for renewed growth.

"The bill I will introduce to Parliament represents a historic opportunity to create jobs, improve the labor market in quality and quantity and reduce unemployment permanently," he said at a news conference Wednesday night . Beside him, the Minister of Labour, Elsa Fornero, extensively detailed a complex reform which should significantly reduce the uncertainty and guarantee coverage to millions of young people without permanent jobs.

To overcome the ongoing wrangle by the confederation CGIL working, the most powerful and most left unions and the Democratic Party who had followed suit, the government had to make some concessions. These concern the right of dismissal, framed by Article 18 of the Labour Code, considered an intangible acquired by the unions. Elsa Fornero recognizes that Article 18 is "a great conquest of labor law, but must adapt to a world profoundly changed" since its adoption in 1970.

Arbitration courts

In cases of collective redundancy, compensation of twelve to twenty months is expected. If it is a disciplinary dismissal, no reinstatement is possible pay day advance. However, if it is an individual disciplinary dismissal without "just cause" (or "unfounded", said Mario Monti), it is for the judge to decide whether to order reinstatement or award of compensation. In the previous version, any notion of reintegration was excluded.

Pier Luigi Bersani, the leader of the Democratic Party – left – has defined the amendment "a very important step forward." The leader of the main leftist party feels relieved not to have to hire a showdown with the government it supports Monti since his inauguration last November. Mario Monti would like to see adopted its reform as soon as possible, by the summer. It does not exclude liability to ensure that this reform is distorted by the amendments.

The government wants to give a signal quickly to reassure the markets, while the borrowing rate differential with Germany is ironed on Thursday at 358 basis points, the highest in a month. After the pension reform in December and January of liberalization, reform of the labor market is the third stage of the crisis of Italy.

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Following the agreement reached Wednesday between the European Commission, the European Parliament and EU member countries, the price of mobile phone calls while roaming will fall in July. In May, the European Parliament must approve the agreement which provides for a ceiling on the price per minute of voice communication "roaming", that is to say, the ceiling price charged by operators to their customers for calls made between two European countries. The level of declines, which should come into force on 1 July 2013 and 2014, was also decided.

Duty, a call of one minute past from abroad, which costs more than 35 cents, should return to 29 cents in July and 19 cents in just over two years. Especially, the price data downloaded with his camera will be capped at 20 cents in 2014 against 70 cents in 2012. This is the first time an agreement is reached on this point, which will reduce the cost of a smartphone abroad. For this type of device connects to the network, even without the subscriber has the feeling of surfing, to automatically update applications, email and location.

Thus, Neelie Kroes, Vice President of the European Commission is poised to win his struggle against "the group of five" major European operators of the Old Continent, including France Telecom, Deutsche Telekom and Vodafone instant credit report. The latter threatened to ask for "a moratorium" on roaming price cuts, which gives them an important source of profits. The GSMA, which includes mobile operators worldwide, deplores "the objectives of maximum prices go too far." Indeed, price declines are greater than that requested by the Commission.

Moreover, the agreement establishes an increased competition in Europe for roaming calls. After 2014, during a trip abroad a subscriber will be able to pass a temporary contract with another operator than his home country to reduce their bill.

YOUR TESTIMONY – The lower rates will she influence your communication abroad? SMS, calls, emails, social networks? What means of communication do you favor abroad? Tell us about your experience in comments below or temoin@lefigaro.fr.

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The popularity of Apple is more than ever to go. Queues of hundreds of people were already this morning in front of stores in Asia to buy the new iPad. The new version of Apple's tablet is sold from today in ten countries, including France but also Japan, the United States and Hong Kong. However, mainland China, growing market for Apple, will wait a little longer before discovering the new product, which includes the 4G.

The enthusiastic reception by fans of the new Apple iPad has still pushed the title of the company this week. The action is briefly above the $ 600 mark yesterday in New York. She had reached $ 500 for the first time last month. In one year, the stock has increased by 70% and the valuation of the company is approaching $ 560 billion. According to projections by Morgan Stanley, Apple's stock could reach $ 960 by next year if the market remains bullish. At the same maturity, the house of Jefferies sees financial services as a trading at $ 699 or $ 800 if the economic environment improves.

Since launching the first version of the iPad in 2010, Apple sold 55 million tablets worldwide. According to calculations by the Gartner Institute, sales of tablets, all brands, are expected to reach 326 million copies in 2015, and the Apple brand is expected to cut the lion's share.  

For his part, Choi Gee-sung, vice president of Samsung Electronics, Apple's biggest competitor on smartphones and tablets, said this morning waiting for a difficult year 2012 with increased competition in the electronics.

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Wednesday morning, the parliamentary report on the financial condition and prospects of EDF and Areva will be formalized. This document, which is over 200 pages, was written jointly by members Marc Goua (CBC, Maine-et-Loire) and Camille de Rocca Serra (UMP, South Corsica). It follows a request in June 2011, the President of the Finance Committee, Jerome Cahuzac.

This report is eagerly awaited on case management UraMin: it is the acquisition of the mining company Areva, in July 2007 for 1.8 billion euros, which justified an impairment of 1.4 billion euros in the 2011 accounts of the nuclear group.

The company has overestimated the potential of its target

In the wake of the findings of Internal Audit Committee unveiled in mid-February, the parliamentary report makes no mention of fraud. However, it points to a number of deficiencies: if the search for diversification of Areva in mines is not questioned, the company has overestimated the potential of its target.

Meanwhile, MEPs consider that the Agency of State Holdings (EPA) has not been surrounded by experts to accurately measure the accuracy of this operation.

Areva, the new team in place – Luke Oursel Lauvergeon replaced as president of the Executive Board – considers that the page is turned and now wants to devote himself entirely to the company's recovery.

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Adecco France announced Thursday the elimination of 530 positions in France, a total of 6300. This plan of "voluntary departure", which aims to combine the two networks of investment generalists Adia and Adecco Adecco under one brand, will affect agencies and support functions.

It is implementing the strategy of the world leader in the interim, does one relativizes at Adecco France. The process accelerated by the economic environment, aims to "preserve the group's competitiveness in the market for temporary recruitment and generalist." It is not comparable with the 600 job cuts in 2008, due exclusively to the economic crisis, said a spokesman of Adecco France.

The worldwide turnover of Adecco also apparent at 20.5 billion euros in 2011, an increase of 10%, a growth rate also applies to the French subsidiary. And its net income rose 23% to 519 million euros. The placement remained "moderate" but "the general investment, particularly in the industrial sector, continued to drive growth," said CEO Patrick de Maeseneire.

2012 will be "difficult"

Not surprisingly, the economic downturn, however, mark the results of Adecco from the fall. Its turnover has stagnated in the last quarter of its two main markets, the United States (18% of sales with Canada) and France (28%) guaranteed payday loans. In January, revenues fell 9% in the Hexagon, the world leader in precise placement of staff.

"The activity has deteriorated since October. We see a significant drop from December, with a 8.4% drop in interim placements, followed by a similar drop in January. In February and the trend is not good, "says his side Arnaud de la Tour, French trade union president Prism.

The decline is very clear in the automotive industry and also quite strong in construction, two sectors, each representing 20% ​​of the interim in the Hexagon. Agribusiness and aerospace are doing, however, still well. But the year would be "difficult", provides Arnaud de la Tour.

It is however far from the 2008-2009 crisis. The activity had declined sharply by 30%, losing 240,000 full-time equivalents, the worst decline since the trade. And the rise was almost as brutal, the market recovering almost to its previous level in summer 2011.

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The chair of the Digital Economy Paris-Dauphine University launches its new Thursday night barometer of the digital economy. Made with Médiamétrie each quarter, the barometer measuring various indicators of the digital equipment of households, while taking stock of current issues.

While the beginning of the year 2012 was marked by the arrival of Free Mobile with a bang, "86% of Internet users were aware of the launch of Free as a new mobile operator," said Dominique Roux, Scientific Director the pulpit. A very high reputation, achieved with almost no advertising, where men and more affluent (AB +) are particularly well informed. Only a few women surveyed said they did not know the name of the new operator, while 2.1% of respondents thought the new operator was Darty and it was 1.9% of SFR.

A jungle

Very informed about the arrival of this new operator, the French, which was often lost in the jungle said packages, on the contrary appear well aware of the amount of their mobile tariff. Nearly three quarters of respondents said their pay package in early January between 11 and 50 euros per month, with disparities between profiles. Thus, the 50 and older and unemployed spend less than all (mostly between 11 and 20 euros), while women aged 15-34 and pay slightly more for their package (between 21 and 30 euros).

An inventory should be radically changed in the months ahead as Free Mobile has launched a bid to € 2 (call for one hour and 60 SMS) and an unlimited plan for 19.99 euros a month, and that all competitors have responded by lowering their prices. "While two thirds of the French pay 20 euros more than their monthly mobile plan, it will be interesting in the coming months to see how this figure is changing the face of offers of Free Mobile and the response of competitors," says Charles Juster Médiamétrie.

The arrival of Free Mobile showed that the French were ready to switch operators to reduce their mobile bill. This price sensitivity is also found on the Internet, while nearly three in four homes are now equipped. According to the barometer Médiamétrie-Dauphine, 85% of French would be willing to change their Internet provider to pay less. Ages 15-34, more tech-savvy and uses more developed (video, audio …) than other targets, pay more interest overall quality (and connection speed), the services offered and hardware features provided.

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The lifetime of nuclear power plants should be paid beyond age 40. Such is the will of Nicolas Sarkozy, announced Minister of Industry, Eric Besson. "The president has decided to require all operators to put in a position to extend the lifetime of our reactors," he said during the Great Rendezvous, a Europe / i> TV / Le Parisien.

"It means to carry out all maintenance efforts, research of the highest standards of safety and security, to ensure that the park could be extended," he added. "The decision is," stressed the minister. "That does not mean it will happen mechanically since it is then the Nuclear Safety Authority (ASN)" which must ultimately take the decision, he said. ASN will consider each of the reactors and give the green light on a case by case.  

A report commissioned by Eric Besson, to be published Monday, should warn against the consequences of reducing the share of nuclear and advocate the extension of the French nuclear fleet. This will be pursuing the development of third generation EPR reactors (1600 MW), of Atmea medium power (1000 MW) products with China and Russia as well as smaller units (300 megawatts).

Between 680 and 860 million per reactor

To the Minister of Industry, extending the life of existing plants is the best solution, including an economic standpoint. He said nuclear power is twice cheaper than wind energy and five times less than solar. On the other hand, EDF considers that extending the duration of operation of its plants would cost 680 to € 860 million per reactor. The construction of a new-generation reactor Areva cost compared five billion per reactor.

Other scenarios would cause "inevitable consequences", Eric Besson insisted, as "the rising price of electricity" and "job destruction", "150,000" direct, "300,000 to 400,000" indirect. Besides the "2 million jobs" industrial "potential" which according to the minister, "can be impacted."

As to reduce the nuclear share of 75% to 50% in the French energy mix, as proposed by the Socialist candidate Francois Hollande, it is "irresponsible" criticism Eric Besson. In a draft, this would in effect in 2030 by a decline of 0.6% of GDP. The UMP wants to maintain 75% of the share of nuclear in electricity generation French.

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The purpose of the meeting, namely save 12,000 points, was not required. The wait has indeed been the watchword of the early week, prior to the G20 on Thursday and Friday in Cannes, where details should be made on the details of the agreement found in anti-crisis pain last week by the European leaders.The meeting of 20 major economies is also expected to learn more about the country or not willing to provide assistance to the euro area, particularly those that abounded to strengthen the European Financial Stability Fund (EFSF).

From this point of view, the information coming from China will be scrutinized carefully, as the rumor last week gave ready to help the euro area up to 100 billion. Confirmation of this outstretched hand should be seen by investors as an additional guarantee of the remoteness of the risk of contagion of the Greek crisis in the entire euro area cash advance today. Saturday, the credit rating "AAA" of EFSF was confirmed by the three rating agencies, Standard and Poor's, Moody's and Fitch.

Despite the caution expected, the decline is somewhat less pronounced than in other financial centers.If macroeconomic issues set the tone in the markets in recent weeks, the place New York has received quarterly publications of good quality. According to Bloomberg, three-quarters of the S & P 500 so far released their half year exceeded expectations. On average they exceeded analysts' forecasts of 5.8%. What support the stock market rally seen across the Atlantic: September 30, the U.S. benchmark index has awarded nearly 11%.

The dollar advance against the yen, oil decline

The decision of the Japanese government, who spoke Monday on the foreign exchange market to weaken the yen, playing on the foreign exchange market. To 21 hours in Paris, the U.S. dollar rose against the Japanese currency to 78.16 yen against 75.81 yen on Friday night. For its part the European currency rose to 108.98 yen against 107.31 yen Friday.

In this paper, Le Figaro that was provided, the controller gives the whole device flat regulated prices. He would like to begin this system to be deleted for Industrialists. Not only France is an exception, but most large companies feed on the market today and therefore spend regulated tariffs.These two reasons argue for a quick exit with respect to the CRE.

With regard to the regulated rates for individuals, the regulator is pushing for major reform. In the background, the benefit to the consumer. The CRE has accounts: only lower taxes compared to other European countries means that the regulated prices of gas in France is attractive. Otherwise, the costs of the molecule fall within the upper range in Europe. In the event of a removal of regulated prices, also under review, the regulator said that "a reflection on the evolution of social systems face the problem of cost of energy supply" should be conducted to help households more modest easy pay day loans.

Market price

Meanwhile, the CRE would like the formula incorporates a larger share of price indexation market.They are currently cheaper than the cost of long-term supply imported into France and indexed on oil. This index accounts for 90% of the price fixing. The CRE wants this share declined to 70%. Currently, there is a difference of 5 euros per megawatt hour (MWh) between market prices and long-term contracts. In early 2010, he was over 10 euros.

The CRE, which found that GDF Suez manages its supply portfolio globally, recommends that this optimization is more beneficial to the consumer. Therefore "an expansion of the scope of supply included in calculating the costs covered by regulated tariffs." In addition to the increased use of market prices, the regulator stressed the importance of liquefied natural gas (LNG), for whom Europe is a natural outlet.

These tracks will be reviewed by the government.They, who know that long-term contracts often protect the abrupt fluctuations, will also decide on the pace, currently quarterly review of gas prices.

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