Business
28.07.2010 0
Dr. Andreas Höfert tells us why this economic crisis may not be the last.
"This time is different"
With the French Riviera being less effected by the global economic crisis of the last three years than other parts of Europe, and with recovery in the region and in France generally under way, things are looking up in the Cote d’Azur. However Dr. Andreas Höfert, Chief Economist of UBS Wealth Management Research warns that next time we might not be so lucky.
Read more … "This time is different"21.07.2010 0
Business: If, when, how to pay the French ISF
Wealth tax issues
After the Income Tax return, it is important not to forget the French Wealth Tax (or ISF - Impôt sur la Fortune). This tax is payable on net assets above 790,000 euros held on 1st of January each year. However there is a difference between "French Residents" and "Non-Residents"
Read more … Wealth tax issues16.06.2010 0
Business: How to avoid tax bills on assets from loved ones
On inheritance tax
French inheritance law applies to all foreigners who own a property, in their name, located in France. Thus French inheritance tax is payable on all assets the deceased has located in the country. This tax is paid by each of the beneficiaries, the amount being calculated pro rata to the net value of the assets they have received (after the deduction of all liabilities).
Read more … On inheritance tax15.06.2010 0
Business: JCI: a bridge for young professionals of all nations
Young guns go for it
So far 2010 is proving to be an exciting year for the "Jeune Chambre Economique de Monaco". Under the leadership of their first Anglophone president, Kevin Hin, a number of changes are taking place that are set to have a fundamental and long-term impact on the association.
Read more … Young guns go for it11.06.2010 0
Business: National body rejects proposals for Family Village in the heart of the Riviera
Another no for Ikea in Mougins
Some people it seems just cant take no for an answer. Yesterday developers Altaréa had their proposal to develop a Family Village centred on an Ikea store near Mougins in the Alpes-Maritimes department rejected, yet again, nearly five years after the project first appeared on the Riviera horizon.
Read more … Another no for Ikea in Mougins27.05.2010 0
Business: Nice Cote d'Azur attracts airline companies... and now offers several new destinations for Summer 2010
Upswing for air traffic on the French Riviera
In 2009, the number of people travelling by air dropped drastically all over the world. Nice Cote d'Azur was no exception and felt the sting as much as any other airport. Now, Hervé de Place, Director of airports on the French Riviera, is not hopeful for 2010. And you can see why: so far figures from this year have come no where close to the records they achieved in 2007 and 2008, when the number of the passengers reached over 10 million. There is, however, the promise of an improved situation in 2011 and 2012.
Read more … Upswing for air traffic on the French Riviera19.05.2010 0
Business: The RT’s accountant on how to fill out your forms
Time for tax returns
The time is almost upon us to fill out our tax return forms for the year 2009. The dates have been confirmed for this year: 31st of May for those who fill in the paper tax return form and for those who prefer to do the process on the Internet.it’s the 10th, 17th or 24th of June, depending on the department.
Read more … Time for tax returns11.05.2010 0
Business: After three months of uncertainty Altarea takes on France’s eighth biggest mall
Côte's Cap 3000 centre sold
Rumours of a sale and three months of negotiations finally came to an end last week for Cap 3000 near St Laurent du Var. France’s eighth biggest shopping centre changed hands for 450 million euros as the Galeries Lafayette department store chain seeks to get back to basics.
Read more … Côte's Cap 3000 centre sold14.04.2010 0
Business: Finance Act 2010 for companies
Know your rights
Find that French tax law can leave you in spin? Getting your head around what you can and can't claim, what you must pay and when, can be tricky enough in your own country and can be considerably more difficult when you're living and working abroad. Fortunately, The Riviera Times has Jean-Philippe Gioanni, registered chartered accountant and financial expert, to explain the in and outs of tax en France. This month he looks at the 2010 Finance Act for companies...
Read more … Know your rights13.04.2010 0
Business: Rumours confirmed by announcement that London & Regional have bought the hotel
Coulthard’s Columbus in Monaco sold
It has been on the cards for a couple of years, now the Columbus Hotel in Monaco has finally found a buyer in the London & Regional group which also owns the Fairmont Monte Carlo. Built in 1989, the building began life as the Abela Hotel and was bought in 2000 by Malmaison founder Ken McCulloch and the former Formula 1 driver David Coulthard. US millionaire Phillip Morris was also a shareholder.
Read more … Coulthard’s Columbus in Monaco sold
