Tuesday , January 16 2018
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France

Salmonella tainted baby formula may hurt France’s china exports

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PARIS: Contaminated baby formula making headlines in France could spell trouble for the country’s sales to China, the world’s biggest market for infant milk, industry observers said. French health authorities reported that 35 children fell ill last year after eating baby food from closely held dairy company Lactalis. Economy Minister Bruno Le Maire slammed the company on Thursday, saying Lactalis ... Read More »

French and Benelux stocks factors to watch on Jan 12

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PARIS: Edenred increased its stake in UTA to 83 percent. GROUPE GORGE Groupe Gorge and Prezioso Linjebygg joined forces in the nuclear segment and won their first contract. KARDAN Kardan said on Thursday it will not be able to complete a transaction for the sale of its holdings in TGI in a manner that will enable it to meet the ... Read More »

French digital boss pushes tech giants to pay more taxes

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PARIS:  The digital affairs chief for the French government is urging tech giants to pitch in to “our common goals” by paying more taxes. Mounir Mahjoubi said Wednesday that “paying taxes where you are creating value is a really important question.” He spoke to The Associated Press at the Consumer Electronics Show in Las Vegas. French President Emmanuel Macron’s government ... Read More »

French wheat export forecast cut again on Black Sea competition

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PARIS: Farming agency FranceAgriMer lowered its forecast for French soft wheat exports outside the EU this season for a third straight month and said there could be more cuts due to unrelenting competition from the Black Sea region. In cereal supply and demand data published on Wednesday, FranceAgriMer pegged French soft wheat exports to non-EU countries in 2017/18 at 9.3 ... Read More »

French trade deficit widened unexpectedly in November

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PARIS: France’s trade deficit widened unexpectedly in November as exports fell more quickly than imports, showed seasonally adjusted data published on Tuesday by the customs office. The shortfall in French trade with the rest of the world came to 5.7 billion euros ($6.82 billion) after 5.3 billion euros in October, the customs office said, revising the October number from -5.0 ... Read More »

France wheat subdued as market weighs weather risks export toil

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PARIS: Euronext wheat futures were little changed on Friday as the market assessed weather risks to U.S. and European crops while initial results from an Algerian tender underlined tough export competition. March milling wheat, the most active contract on Paris-based Euronext, was up 0.25 euro, or 0.2 percent, at 160.75 euros a tonne by 1711 GMT. It was set to ... Read More »

France tax proposal for US tech giants no threat to Ireland

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PARIS: French president Emmanuel Macron says that his proposal for a new revenue tax for US tech groups is not a threat to the Irish economy but aimed at creating a level playing field for all companies. Tensions between Paris and Dublin have risen over Mr Macron’s “digital tax” proposal to tax technology multinationals such as Google, Apple and Facebook ... Read More »

Paris wheat subdued as market weighs weather risks export toil

france

PARIS: Euronext wheat futures were little changed on Friday as the market assessed weather risks to US and European crops while initial results from an Algerian tender underlined tough export competition. March milling wheat, the most active contract on Paris-based Euronext, was up 0.25 euro, or 0.2 percent, at 160.75 euros a tonne by 1711 GMT. It was set to ... Read More »

Apple takes French tax activists to court over store protest

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PARIS: Apple has filed a lawsuit against the Attac activist group after about 100 of its supporters occupied the tech giant’s flagship store in Paris last month, protesting alleged “wide-scale tax evasion” by the firm. An Apple spokesman told AFP on Thursday that while it respected the group’s right to expression, its recent actions had “put the security of our ... Read More »

France’s state sell off is not yet a revolution

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PARIS: One of the key moments in last year’s duel for the French presidency was Emmanuel Macron’s visit to an Amiens factory threatened by job cuts. His rival, Marine Le Pen, was promising to take it under state protection. He chose to confront angry workers and try to persuade them it should no longer be the role of the state ... Read More »

France ponders a car tax to fund road maintenance

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PARIS: French transport minister Elisabeth Borne is considering a tax on new cars to boost funds for road maintenance, according to media reports. Media reports that the country, once the top-ranked country for the condition of its roads, has dropped to seventh place due to issues over maintenance leading to an increased risk to users. A new car tax between ... Read More »

Baby milk imports banned

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PARIS: French firm Groupe Lactalis, which manufactures the products, said the infant milk formula could contain Salmonella Agona bacteria, according to a CamControl statement published yesterday. The department had already taken action to block the import of several other French baby milk products to Cambodia, following recalls issued by authorities at the end of December.The recalls came after 26 young ... Read More »

France finance ministry denies targeting Jews for tax evasion

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PARIS: The French government has ‘’categorically’’ denied a report by an Israeli business newspaper regarding the existence of a secretive department within the French Finance Ministry that allegedly targets Jews for tax evasion. “There is no such structure within the French tax administration. The French tax law forbids any distinction between people based on their origin, place of residence, nationality ... Read More »

Landlines to be installed in France’s jail cells

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PARIS: A landline phone is to be installed in almost every French prison cell in an attempt to improve rehabilitation rates and curb the smuggling of mobile phones, the country’s Justice Ministry said. Inmates will be allowed to use the landlines to phone up to four pre-approved numbers at any time of the day, but calls may be expensive, costing ... Read More »

French government clarify joint airport tax regime

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PARIS: French governments have agreed on a new tax regime at a shared airport, EuroAirport Basel Mulhouse Freiburg, starting this month. n December, ministers from France and Switzerland met to finalise a new system regulating the taxes paid by Swiss companies working in EuroAirport Basel Mulhouse Freiburg. EuroAirport is operated by France and Switzerland, making it one of the few ... Read More »

France says no to fossil fuel extraction

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PARIS: France’s parliament has passed into law a ban on producing oil and gas by 2040, a mostly symbolic gesture as the country is 99% dependent on hydrocarbon imports. In the vote, held by show of hands, only the rightwing Republicans party opposed, while leftwing lawmakers abstained. No new permits will be granted to extract fossil fuels and no existing ... Read More »

France tax administration denies targeting Jews

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PARIS:  The French tax law forbids any distinction between people based on their origin, place of residence, nationality or religion. “Each year, the tax administration leads more than a million investigations. These investigations are completed based on an objective analysis of tax evasion risks. As part of these procedures, each taxpayer has the same rights. “In addition, France is part ... Read More »

France secret tax authority for Jews only

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French citizens and their tax preparers have been astonished to hear about the new department, which they charge is discriminatory, giving rise to questions about selective enforcement. “The procedure is new and questionable, and discriminates against French Jews,” Itay Bracha, a tax expert who represents French clients with tax authorities in Israel and France, told the Globes. “The measure is ... Read More »

Fance sets up tax dept to investigate jews

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PARISL: In Paris 12th arrondissement, on Bercy Street by the banks of the River Seine, on the 13th floor of the Ministry of Finance is France’s tax authority headquarters. Something has been afoot there recently that is liable to upset French Jews and spook their relations with the country in which they live. Under the radar, a secret department has ... Read More »

Apple could be fined up to $11.5b in France after being accused of planned

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PARIS: French consumer organization called HOP, which stands for “Stop Planned Obsolescence,” filed suit against Apple in France. Joining Apple in the group’s crosshairs is printer manufacturer Epson. Laetitia Vasseur, co founder of HOP, says that by filing the two complaints, it hopes to have both companies answer to charges that they violated French consumer law; in the country, planned ... Read More »