Six billion euros stolen Treasury
The Finance and investigations on the state. The health sector remains at the top of the waste and theft.
In three years have caused a "hole" in the state budget amounted to 6 billion and 250 million euros, almost one third of the maneuver to be 20 billion had already been launched by the government of Mario Monti in 2012. They are civil servants charged with public tax loss, after having come under investigation for crimes ranging from corruption to fraud, abuse omission in the official records. But even for a simple "negligence" in performing its duties. Officials and employees who exploit the work of their colleagues and in most cases fail to get rich. Overall, 14,327 people between 2009 and 2011 were "marked" by the Guardia di Finanza to the Court of Auditors and for many of them also has taken the criminal complaint. Read the rest of this entry »

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The operators of bathing establishments have an average annual income amounting to 13,600 euros, 15,800 euros for the bartenders.
Taxi drivers have an average annual income of 14,200 euros of business, 13,600 operators of bathing, the baristas 15,800, 12,300 goldsmiths. This is revealed by the latest statistics on the fiscal sector studies published by the Department of Finance, Ministry of Economy. The statements are related to income from self-employed and small businesses that make reference to field studies of the 2009 tax year. In the long list includes many of the categories clearly now the focus of attention for the long-awaited decision on deregulation.

LESS OF WORKERS AND EMPLOYEES - The data show a long line of independent and declaring less than professional workers and employees. Among those who sell boats, for example, the average income of a company or self-employment is 14,400 per year. The pastry fare better with a 19 thousand dollar of income. For beauty salons average income of just 5,300 per year. Next to the hotel establishments and guesthouses is an income of only 11,900 Euros, laundries and dry cleaners would - at least according to what emerges from the tax returns - averaging a turnover of 8,800 euros. Turnover under 18 thousand euros for the Toy Stores (11,900 per year), the car dealers (12 thousand euros), newspaper, precisely 18 thousand. The florists have a business income of just over 12,000 euros per year and does not change much if they have the store (12,600 euros) and if you sell flowers on the stall (12,300 euros). Among the professionals - they, too, in the middle of the measure on liberalization - there are on average higher corporate income: 58,200 for lawyers per year, for architects 30,500 to 68,300 medical studies.

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Ready to start nvernali balances for 2012 in almost all the Italian cities. The Molise has finally decided to align itself to the single date, January 7 to 5 in anticipation of the opening whistle. So from Milan to Rome, from North to South Central to finally part.

Despite the crisis and the maneuver, not to give occasion will be 7 out of 10 Italians, according to the Confcommercio, which spend less than 200 euros each. Salt In fact the percentage of consumers (+11.4% compared to 2010) that provides a more limited budget. 25.9% said it will spend between 200 and 400 euros (compared to 35.3% last year), says the survey Confcommercio Research and Format. Read the rest of this entry »

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There have been individual episodes are particularly significant: a merchant owned luxury goods sales account for more than 1.6 million without any tax document. The most interesting data have emerged from the controls on owners of 251 luxury cars with large displacements. Car registered in the name of 133 individuals, 42 belonging to citizens who reported less than 30 000 euros gross income in both 2009 and in 2010, and 16 cars are registered to taxpayers who claimed less than 50 000 euros gross. The other 118 superbolidi accounts belong to companies in both 2009 and in 2010 reported 19 cases to be at a loss, while in 37 cases reported less than 50 000 euros gross. Read the rest of this entry »

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That the 'phase two' of the growth has already begun is shown by the facts. All issues which the government intends to investigate have already been opened: the liberalization of the simplifications, the reform of the infrastructure work. After the Christmas break will be gradually translated into many steps, to allow the country opened up to competition and start over.

We'll start by infrastructure. Before New Year, which could serve to keep the CIPE was close with the Tremonti. The aim of the Prime Minister Mario Monti and Development, Corrado Passera, is to arrive at a list of some projects funded, overcoming the uncertainty created by the Fas cuts to be done to about 3.5-4 billion with long lists of works "revocable" for 7 to 8 billion by the former Minister of Economy desired. Read the rest of this entry »

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They get in the main European shares rise for the last session before the Christmas break. At 14 indices FTSE MIB and FTSE All Share It Square Business earn about 0.3 percent. More sustained increases for the CAC40 in Paris and Frankfurt DAX30. (Follow the indices in the box on the right). At the sectoral level purchases are focused on media and titles in the energy sector. Read the rest of this entry »

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Given the greedy Italian BTP yield, with juicy coupons that come in 5 / 6% yearly performance (while private banks are spending millions to advertise their current accounts with gross returns of 3 / 4%), perhaps the time has come to lend a hand in overcoming the crisis .... at the same time profitably.

The real problem is not debt, but who owns the Italian public debt for 40% is held by foreigners.
Up to 90 years most of the Italian public debt was in the hands of the Italians, only in recent decades, just under half of the debt has gone into the hands of foreign investment banks. Japan for example has a much higher debt to our our problems but it has since almost all of its debt is held by its citizens and Japanese banks and institutions .... not foreign.

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Why? France travels on a debt / GDP ratio to 83% (less than 120% Italian), but unlike Italy should be able to go to a balanced budget only in 2017 (or at best in 2016 if the additional new maneuver 65 billion made in early November will bring the desired effects). In any case, the abatement of the French deficit is expected three or four years after the Italian one, given that the objectives contained in the double maneuver summer launched the now former Berlusconi government be successful.

In addition, as indicated by the Bank of France, in 2012 the French GDP should grow by 1% (and no longer dell1, 75% as initially planned). Not to mention the deficit / GDP, a far cry from the 3% target set by the Maastricht Treaty. Read the rest of this entry »

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"We are preparing a complaint to all the provincial command of the Guardia di Finanza, that inspections have carpet in commercial establishments, aimed to determine irregularities in the application of new rates." This was announced in a statement is the president of Codacons, Carlo Rienzi: the fear "is that what happened could happen during the transition from lira to euro, ie lists of always rounding upwards, and then always to the detriment of the purchaser the final. "
Given the shift from 20 to 21% VAT and rounding savages, the impact on inflation could be as high as +1.38% share, estimated Codacons.

Confesercenti: Sting from 140 euros per family
The VAT increase took yesterday picks the pockets of families in more than 140 euros, Confesercenti estimated to 3.4 billion more revenue to the public purse.
The merchants association also points out the inconsistencies in VAT with three speeds, for example in gas and electricity bills. The gas network, for example, is burdened by 10% if used only for cooking, but instead of 21% if used for heating. Discrepancies also on the same heating, burdened by 10% when powered by electricity, instead of 21% when fueled by gas.
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The Chinese banks are not in a state of agitation. But the waters are not calm. From a stress test conducted by the rating agency Standard and Poor's showed that over the next three years of bullish policy undertaken by the People's Bank rates could lead to bank loans up to 10 percent. A test that comes at a time when the World Bank fears the risk of contagion from the housing bubble in the banking sector. Sector, in response, may be authorized for the first time to hedge the risk through derivatives.

There is so choppy and the wind of change in the credit sector in China. And it is remarkable that to raise the alert level is now S & P, the same agency that May 21 has lowered its outlook on Italy. Choice, criticized precisely from China (which holds 13% of Italian public debt) and judged "unsubstantiated." While between Dagong, the rating agency China, and the giant U.S. credit rating (S & P, Moody's and Fitch) judgments become more and more distant in what some have apostrophes as War of the rating. Read the rest of this entry »

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Milan is a city on the left. To be understood, is not and has never been as Bologna. Throughout the course of the Second Republic with the parties of the center has always had a majority of the votes. Sometimes a relative majority, more often an absolute majority. In particular, since 1994 in all elections and all the municipal center has always gone over 50% of the votes.

Then came Pisapia who took 48% against 41.6% of Moratti. And now what will happen on the ballot? Of course no one can say for sure without a crystal ball. Despite the gap between the two contenders the game is still open. The final outcome will depend on a number of factors. Read the rest of this entry »

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"Tired but happy. Yesterday was a beautiful day. " So Sergio Marchionne has discussed this morning, just got off the plane, the crowd of journalists at the Museum of Turin. The manager of Fiat and Chrysler, a veteran of the ceremony for the restituzone of public loans to Chrysler, Fiat said that the share will rise from 46 to 51% "in the fourth quarter," will be approved when the Chrysler Fiat technology with low power . Chrysler Fiat will be consolidated in the accounts' from 1 June this year. " Read the rest of this entry »

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New air strikes this morning on some neighborhoods of Tripoli. We are talking about hundreds of deaths among the protesters. They reported some residents cited the Libyan capital from the site of Al Jazeera TV. According to these sources of fire on civilians were "mercenaries." , per smentire le voci circolate ieri che lo davano in fuga. Meanwhile, the Libyan leader Muammar Gaddafi has appeared on state television, shooting satellite broadcaster Al Arabiya, to deny rumors yesterday that gave him the run. "I will see young people in Green Square. To prove that they are not in Tripoli and in Venezuela, and disprove the television, these dogs, "said the Colonel, resumed his residence in the Bab Al Aziziya in Tripoli. Read the rest of this entry »

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A subsidiary of the Monte dei Paschi di Milano 2. A few meters away is the headquarters of Publitalia, in front of the headquarters of Mediaset. Between 2007 and 2008 the cashier of the bank Sienese have a couple of times a month, but always on a Monday and Friday, the accountant Giuseppe Spinelli, sometimes accompanied by Giuseppina Scabini, longtime manager of Mediaset, repeatedly under investigation by pm of the Milanese, others by Salvatore Sciascia, head of tax services of Alfa Romeo, definitively condemned for bribes to the Guardia di Finanza, and since April 2008, Senator of the Republic in the ranks of the PDL. Spinelli announced his visit the previous day with a phone call. A notice required to prepare large sums to be taken, which usually ranged between 300 thousand and 500 thousand euros. An average of 800 thousand euros per month, and thus an annual levy of nearly ten million.

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The crude back to levels two years ago in the wake of tension in Egypt . The difference, compared to 2008 is that the price of oil processed at the ICA in London (Brent) is higher than that traded in New York (WTI). More than $ 10 more, according to prices at the close of Asian markets, indicating the first $ 101.53 while the contract for delivery in March of WTI stood at $ 90.59. Usually the spread is reversed. The WTI is trading at a higher price because of the lighter, low content of sulfur in its composition (quality index) and the cost of transport, the highest in the United States. This unusual movement on the differential and begin in early December and reached its historical maximum ($ 12) on 27 January. How do you explain that? Read the rest of this entry »

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Saving banks, automobile insurance or groups can make the American taxpayer more than the investment in government bonds. At least that's what jumps out from a calculation made by Bloomberg, who has analyzed the gain on the U.S. government allocated 309 billion dollars in Troubled Asset Relief Program (TARP). Well, so far in the pockets of the tax payer have returned to 25.2 billion U.S. dollars, ie a yield in the two years of the program, 8, 15 per cent. If Mr. and Mrs. Smith put their few dollars left on the ten-year Treasury yield would be around a 4 per cent. Read the rest of this entry "

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The tax reform will move its first steps today. The government will present the social partners the guidelines that will govern the reform of the social partners and ask for their contributions. Then the work will continue in the technical tables, with the objective of arriving within a month the drafting of enabling legislation to be presented to the Council of Ministers. Featured family and work, care for the environment and research. It is also a priority for simplification, with the dream of easy reach statements, precompiled and at home. The first match will be held at the Treasury and will coordinate the minister Giulio Tremonti, has next to her colleagues Maurizio Sacconi, Roberto Calderoni, Renato Brunetta, Paolo Romani, in addition to his political adviser Marco Milanese, presidents of INPS, Istat, the Accountant State General and directors of the Inland Revenue and the Department of Finance. Read the rest of this entry »

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The watchword is to contain costs. The new Basel 3, albeit applied in a manner so gradual as to prevent instantaneous shock changes the long-term scenarios for European banks. Not all banks, not all the same, will face the need to increase its capitalization.

According to an analysis by Keefe, Bruyette and Woods (KBW), among Italian banks most exposed to the repercussions of Basel 3 are the Monte dei Paschi and Banco Popular. The simulations that measure the distance of the capital from the current capital requirements expected in 2012 include the need for capital injections and 3 respectively of 4.63 billion. How to say an intake of 84 and 41% of their Tier 1 equity. Intake reduced to 18% (but it is still the 4.89 billion) for Intesa Sanpaolo, UniCredit to 10% (4.06 billion, 6% for Ubi (450 million), up to the tiny 2% (32 million) of Credem. Mps and Banco Popular, according to the analysis, may have to reduce drastically the distribution of dividends for years, or ask shareholders to dip into their wallet, increases in capital funding.
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ROME - The 'Hall of the House "save" the former Minister of Infrastructure and
Transport, Pietro Lunardi, now deputy of the PDL, investigated for
corruption with Archbishop Sepe of Naples with
for allegedly purchased in 2004 at a special price from
Propaganda Fide an entire five-storey building in the way of the prefects in
Rome in exchange for public funding of 2 million euros and a half
for the renovation of a building in Piazza di Spagna was
in fact, approved with 292 votes in favor, 254 against and 2 abstentions the
opinion of the Board for the permits which stipulated the return
acts of ministry to the college for the crimes of the Court of
Perugia. (Source: AP)

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News agencies fighting this news: "The profits of Apple rose by 70%, iPhone is the effect." The quarterly, in short, to the company's bitten apple went well. The future of European indices, however, after the publication of the data fall. And the same company the day before, in the after-hour on Wall Street, lost more than 6 percent. Where is the contradiction? Simple: never before in this time of economic crisis we look to the future: analysts, yes can ... to congratulate him what was the immediate past, and then, however, try to discern what will happen in the next few months trying to figure out which way the wind pull on the consumer electronics market. Read the rest of this entry »

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