A rich spending is live on poor centaines

Colbert: To find the money, there come a time where tinkering no longer. I would like Mr Superintendent explains how it works for spending even when it is already indebted to the neck...

Mazarin: When it is a mere mortal, of course, and that it is covered with debts, we go to jail. But the State... The State, he is different. Cannot throw the State to jail. Then, he continues, he digs the debt! All States do that.

Colbert: Ah yes You think However, need us the money. And how to find when it has already created all conceivable taxes

Mazarin: It creates others.

Colbert: We do not tax the poor more than they already are.

Mazarin: Yes, it is impossible.

Colbert: Then, the rich

Mazarin: The rich nor. They spend more. A rich spending is live on poor centaines.

Colbert: Then, how do you

Mazarin: Colbert, you think like a cheese! There are many people who are between the two, neither poor nor rich... French working, dreaming of being rich and fearing to be poor! It is these that we are going to tax, more, more! Those! More you take them, more work to compensate for... It is an inexhaustible reservoir.

How better to summarize the present state of public finances in the France reading this excerpt from the "Red Devil" The piece of Antoine Rault received this winter to an exceptional-of-mouth. Parisians headed en masse to the Montparnasse theatre. First to enjoy the talents of Claude Rich, impeccable in its purple cassock of dying Mazarin. But also because they knew that the text would resonate them colloquially. They are recognized in the "quantity of people" often derided by the cardinal. Yes, these French working increasingly less in the hope to live better tomorrow than the dread to go wrong: means French, they are, it is you, we.

The text is actually of a topical. It must be said that its author, brilliant paddled, has worked in corporate offices, including Matignon, Jean-Pierre Raffarin time. So we know more if it is experience that gave keys to better understand the France of Louis XIV. Or if they are mazarinades that inspired him a fable to describe the current time.

New heritage strategy

In any case, exhibit was widely used illustration to our last circle of tax practitioners (read cicontre). One of the participants, Mr. Bernard Monassier, notary in Paris, it was over to discuss the situation in which are now our country and the part of its population who pays taxes. The crisis indeed required the spill of billions of euros to lead lines of the global economy. However, these amounts should well be returned one day. To do this, two solutions can be implemented. One, relatively unreported, would be to empty crates of tax havens, in order to replenish celles States that strive to pursue a policy of social protection. But as it is not certain that the communicating vessels are operating correctly, other more conventional track furiously recalled Mazarin: it will take the form of an umpteenth increase in taxation levied on the middle classes.

Our experts of the circle are joined on this point: it is of two trends. As the money is needed, go pick it up there where it can be found, i.e. both in bank accounts not reported in Switzerland in the allowances paid to the worker. Even if attitudes are not yet ready, needed no doubt to make. It may even be that you had still not seen! In international conferences, experts suggest to apply VAT to hitherto exempt benefits, such as some postal services, for example. Similarly, the number of subject to the CSG should increase. It may even be that this contribution is so widespread that it will eventually merge with the income tax... The time is therefore more to evoke the heyday of Act Tepa, of the tax shield and suppression of inheritance between spouses. The time is past. It was in 2007, as say an eternity.

However, if the tax rules is so modified, is any heritage strategy of individuals who will be upset. Therefore, is reasonable to build its investments on tax incentives likely to be challenged As much as if inflation returns, it will soon also, dictating its own rules. But his return is announced, if not desired, because it is also a way to repay the injected billion a year ago.

Five tips

In this shifting landscape, heritage experts identified five priorities for individuals. Latter must:

1 clarify their situation if they are in possession of secret accounts abroad;

2. in the area of investments, preferring solutions flexible and reversible, even stay still in envelopes designed for the long term, such as life insurance;

3 of a point of view of articles, focus on those to be subject to tax on corporations than on the income;

4 prefer solutions oriented company rather than to the real estate;

5 preferred assets to liabilities, i.e. actions obligations, which rates can only go up.

Finally, in the future, they have an interest to cynically follow the (bad) example of States and going into debt to buy heritage, since inflation eat refunds!