The market turmoil and the records set by some works have led some dreaming. Why not investirdans paintings or sculptures? The art has never earned as much as in 2011. "It can be a significant element of personal wealth," said HSBC, which helps clients in their purchases and sales based on the consulting firm in 1858. The art market is tempting, but it is not without pitfalls because it is neither transparent nor regulated. Besides the auction, private sales by galleries or OTC account for over half the market. "There has never been so many opportunities to lose a lot of money," says Celine Fressart, consultant in 1858.

A major work of a minor artist rather than vice versa

The experts also keep well to advise their clients to buy this or that work because it will be a good investment. There is no guarantee that prices will rise, he must first find the artists and works that please the customer. "Any investment must first be done with the eyes, but the reason is needed to avoid costly errors, "warns Fressart Celine, who says not recommended nine times out of ten customers a purchase because often too high a price oud'un doubt about the origin. She advises particular caution on Internet sales. And remember that we should not buy art not representative of an artist. "Better to buy a major work of a minor artist than the reverse."

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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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Vinci was an equal disappointment. Two weeks ago, the leading European construction and concessions had been anticipated in extremis by ADP to regain 38% of TAV which manages ten airports in Turkey. An operation of over 700 million euros. Tuesday, the group cons-attacked on another front. In partnership with 50/50 with the British operator of BTP St Modwen, he won a huge contract of 2 billion pounds (2.4 billion euros). He trumped consortium formed by Bouygues and Carlyle.

For that price, Vinci and his partner will rebuild New Covent Garden, London halls hosting a market fruit, vegetables and flowers. Like its French cousin who migrated from Paris to Rungis, Covent Garden has left the center of London there are over 30 years to settle south of the Thames, in the district of Nine Elms on 230,000 m². In addition to A to Z redo this building between 2013 and 2018, the group will build 2,800 homes but also office buildings and shops. All this with a financial Original: Vinci will invest 130 million pounds (156 million) to rebuild the New Covent Garden.

In return, it will be awarded to Vinci 8 hectares of land to enable it to develop a very large real estate transaction valued at 2.4 billion euros while.

Strong position in the UK

A credible plan for the neighborhood where he has developed is being completely remodeled for example, the U.S. embassy to move into a new building in 2017 and the construction of two new metro stations is considered easy payday loans.

This new contract demonstrates the strong position of Vinci in Britain. Last year, the group has achieved 5.6% of its turnover, slightly more than 2 billion euros. And the UK is the third country that weighs the heaviest in the group accounts. After France and Germany who preceded him as a short head. "Vinci spent the overdrive in this country since the acquisition of Taylor Woodrow in 2008, a large construction of which then realized a sales volume of 750 million euros," said one financial analyst. Because the group has grown significantly through acquisitions has integrated the subsidiary. Much like it did with Cegelec, Faceo or Tarmac.

The result? In recent months, Vinci has garnered several prestigious contracts in England. Thus, the group have won beginning March 1 public-private partnership to renovate and maintain for 25 years 432 km of roads in the London Borough. Transaction amount: 950 million euros. A month earlier, Vinci was selected to manage for five to ten years the road five English counties. All this for 1.7 billion euros. The French group had also been held last October to build two waste treatment centers in the UK for just over 380 million euros.

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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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The twin towers Hermitage, who aspire to be the highest in Europe, they come out one day land of Defense? In any case, this exceptional project skyscraper of 320 meters and 90 floors combining offices, apartments and hotel will be delayed. And, according to relatives of the case, the delivery announced in 2016 looks bleak, at least to that date. It is the proponent Russian Nazvanie, which embarked on this adventure with a project designed by star architect Norman Foster always runs on the same problem: the demolition of three buildings housing in the neighborhood of Checkers, instead of which the towers are planned Hermitage.

Believing be adequately compensated for this project generate nuisance, owners of neighboring buildings (Champagne and Dauphiné) had obtained the cancellation of a demolition permit in October 2011 before the Tribunal de Grande Instance of Nanterre. But they were willing to waive these charges if Nazvanie made them an acceptable offer. But last week, they finally received a proposal from the developer who does not absolutely satisfied. "For example, Hermitage gives no quantification on the refurbishment of our buildings that would take over after the demolition of buildings for social housing, says a representative of the council of owners. We turn around the same problems for years. There is therefore no reason that it's arranged in the coming weeks. Given these elements, we do not withdraw our complaint. "

Immediate demolition

Barring last minute, the promoter, who has appealed the decision to cancel the building permit, will have to await the decision of the Court of Appeal of Versailles, expected early 2013 cash advance. And hope that the judgment is favorable to start the project. A sword of Damocles hanging over the project which could have done Hermitage. Especially since, otherwise, he knows some significant progress: according to our information, the last tenant of the building HLM, Damiers Infra, which has had a long struggle to stay in places, has finally made its key apartment Friday night. Emptied of all its occupants, the building could be demolished immediately in case of authorization by the court.

In addition, building permits for these two towers should be issued this week. But again, the owners of buildings Champagne and Dauphiné will not bury the hatchet. "We will attack the building permit," said a member of the union council. "We, too," said Claire Augier, Secretary of Defense of Life, an organization opposed to the project since its launch and has already committed multiple legal proceedings against Hermitage. This is not the business of Hermitage to fund this mammoth project of 2 billion euros, the developer needs to make a loan of 700 million. A pool of banks granted him ready … provided that building permits attached to these towers are purged of any remedy. This risk of further delays.

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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 opposition immediately demanded the resignation of Berlusconi. "I ask you, Mr. Chairman, with all my might, finally taking note of this situation. We can not keep going this way. You must resign, "asked solemnly Pierluigi Bersani, the leader of the opposition, after the vote.

Berlusconi said he would visit on Tuesday evening at the residence of President of the Republic Giorgio Napolitano. This is "an exchange of views," according to a government source No teletrak payday loan.Only the President may decide to appoint a new head of government or call early elections.

"We asked him to step aside"

Tuesday morning, the last support of Berlusconi had dropped. The head of the Northern League, Umberto Bossi, its main coalition partner, had publicly called for his resignation. "We asked him to step aside," Bossi told reporters in the Chamber of Deputies. He thought however that the test vote Tuesday would pass without incident.

The unknown was the number of members still loyal to Berlusconi. He had to gather all right for the majority of 316 seats, yet some analysts felt that the Chairman did not have more than a hundred supporters.

The challenge? Nothing less than domination of world markets for smartphones and tablets. In this war, patents have become high-tech weapons. "We are committed to defending what is ours," said Tim Cook, Apple's boss, to justify its legal offensive. An argument that still does not convince experts in the field. "This kind of confrontation usually results from financial transactions or licensing agreements," says Marina Cousté, a partner in ReedSmith.

Faced with this new situation, companies are reviewing their strategy. Patent portfolios are now bought at exorbitant prices. Last August, Google has spent 12.5 billion dollars to get their hands on Motorola.A transaction whose main interest is based on the 17,000 patents owned by the mobile manufacturer. Other operation iconic, the acquisition of Nortel's 6000 patent by a group of business settings such as Apple, Microsoft and RIM to $ 4.5 billion. $ 750,000 is the average patent! "Be careful, warns Marina Cousté, the risk of bubble the value of patents should not be dismissed."

Real rents

Patent holders are sitting on a pile of gold. They seek to enhance their capital. This is the case of Kodak, in great difficulty in cameras, which seeks to monetize its patents. There plans to sell a thousand. On Monday, the U.S. announced a licensing agreement with Imax, on 50 patents for the large screen.

Finally, the sale is a licensed real cash for some companies.In France, Technicolor (formerly Thomson) is a national champion figure of the genre. "The business license is an asset firm with a rich portfolio of patents on the technologies of sound and image," argues Technicolor. In total, the license agreements reported 447 million in French in 2010, 12.5% ​​of its turnover. Philips and Sony, the holders of licenses in the field of DVD players, are contrary to dry up this source of income. The Blu-ray could have been an additional resource. But the dematerialization of content paves the way for other families of patents.

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The reason: the reorganization of press titles Micro Hebdo and the personal computer with SVM, the key to a social 33 people and a dozen freelancers out of a total of nearly 180 employees. The 01 IT professional is not involved.

On October 8, on the basis of an expert report submitted on September 21, the works of Group 01 has sued the direction of NextRadioTV.He criticizes the proposed plan will not be economically justified and a number of procedural irregularities.

Writing a single

Alain Weill, who hoped that all 01 journalists would be "bimédias" October 1, will have to wait to see his vision become a reality. His will is to create an information system with 100% digital content declined across all available media, including smartphones and tablets.

His plan, quite radical plans to create a unique writing for the Web (01net) and Micro Hebdo weekly and monthly Personal computer The SVM. It would take items Micro Hebdo, embellished with some exclusive content.In addition to the elimination of 33 positions fixed, the project includes the internal redeployment of some twenty journalists should be trained in journalism Web sites to work on radios NextRadioTV (RMC, BFM …).

Group 01 may well be the undisputed leader in the computer press in France, with three quarters of the total distribution paid in the industry, according to the OJD, it remains the Achilles heel of NextRadioTV.

While radio and television are doing pretty well, Group 01 is the only division of the group sales fell last year from 36.4 million euros to 34.5 million. The activity was affected by the decrease of 21% of the distribution of paper securities. Mechanical reduction, with the disappearance of the title SVM which merged in the summer of 2010 with the individual computer. And structural decline in a market shaken violently by offering free online.The distribution of Micro Hebdo fell 13.2% in 2010.

Last August, Alain Weill explained to the BBC that at the end of the reorganization, half of the activity of NIM come from the digital and within two years this proportion would increase to two thirds. A negotiation meeting was scheduled for Monday afternoon yesterday between management and staff representatives. These were especially present against proposals.

He emphasized the plight of small business owners whose interest rate credit cards rose from 8% to 28% after the 2008 crisis."And since this depended on credit to manage their businesses, many of them have actually been closed," he said. "At the same time, the decision not to inject capital into banks but in reality to relieve them of their bad assets and allow them to get out of the hole left banks with super-profits and allows them to pay super bonus, "he added.

Surprising support

The confession of George Soros calls and detonates. If the wealthy American investor has always denounced the current financial system, guilty in his eyes, among other things, be detrimental to the economies of developing countries, its position is unique.

Indeed, George Soros has amassed an enormous fortune based on speculation through its investment fund Soros Fund Management.It is especially known for its raid against the British pound in September 1992, allowing him to pocket more than a billion dollars in one trading session. At first glance, his career does not echo the fight against greed advocated by the protesters.

Billionaire investor but also important philanthropist, George Soros is a man of paradoxes. Seventh richest American in Forbes in 2011, with a fortune estimated at $ 22 billion, founder and adviser of the investment fund Quantum Fund domiciled in the tax haven of the Netherlands Antilles, it supports and finances together for a long time the development of societies democratic and open especially in Eastern Europe, notably through the Soros Foundation or the Open Society Institute he created.

An investor free of dogma

At the same time investor Carlyle Group, one time advised by George H.Bush, but support for Barack Obama in 2008, George Soros is an investor wants free of dogma or ideological affiliation.

After obtaining the support of George Soros, the demonstrators were hoping this week that major U.S. unions, supporters certainly less unusual but equally crucial for the future of their movement.

The movement of those that we now call "the unworthy Wall Street" and is gaining momentum in the country can count on the support of several celebrities from the beginning of its mobilization.Thus, from Susan Sarandon to rapper Lupe Fiasco through Yoko Ono not to mention the director and unconditional destroyer of American capitalist system, Michael Moore, there are dozens of personalities, mostly from the art world, displaying their support for this movement of social revolt in the heart of the world capitalist system.

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