Latest news with #HATVP
Ya Biladi
a day ago
- Politics
- Ya Biladi
Several reports submitted to Paris prosecutor over Rachida Dati's alleged undeclared jewelry
French Culture Minister Rachida Dati is facing scrutiny following several reports submitted to the Paris prosecutor's office. At the center of the controversy: the alleged failure to declare valuable jewelry in her official asset disclosures. According to the newspaper Libération, Dati allegedly omitted 19 pieces of jewelry, valued at €420,000, which she is said to have owned since 2017. If confirmed, the omission would put her in violation of rules set by the High Authority for Transparency in Public Life (HATVP), which monitors the financial declarations of public officials in France. «She will have to regularize the situation if this is true», said government spokesperson Sophie Primas. The former Justice Minister, who is of Moroccan descent, denies any wrongdoing, saying she has «nothing to regularize». She has filed a complaint against journalist Laurent Léger, who led the investigation, accusing him of bias and of having political ties to Paris Mayor Anne Hidalgo. Another report, this time from Socialist Senator Rémi Féraud, alleges that Dati failed to declare fees she received between 2010 and 2011 while serving as a Member of the European Parliament. Her lawyers argue that she «was never the lawyer for GDF Suez», the company named in the investigation. These revelations come as Dati is already under judicial investigation in a separate case involving alleged corruption tied to her professional dealings with Carlos Ghosn, the former head of Renault-Nissan.
Ya Biladi
a day ago
- Politics
- Ya Biladi
Several reports submitted to Paris prosecutor over Rachida Dati's alleged undeclared jewelry
French Culture Minister Rachida Dati is facing scrutiny following several reports submitted to the Paris prosecutor's office. At the center of the controversy: the alleged failure to declare valuable jewelry in her official asset disclosures. According to the newspaper Libération, Dati allegedly omitted 19 pieces of jewelry, valued at €420,000, which she is said to have owned since 2017. If confirmed, the omission would put her in violation of rules set by the High Authority for Transparency in Public Life (HATVP), which monitors the financial declarations of public officials in France. «She will have to regularize the situation if this is true», said government spokesperson Sophie Primas. The former Justice Minister, who is of Moroccan descent, denies any wrongdoing, saying she has «nothing to regularize». She has filed a complaint against journalist Laurent Léger, who led the investigation, accusing him of bias and of having political ties to Paris Mayor Anne Hidalgo. Another report, this time from Socialist Senator Rémi Féraud, alleges that Dati failed to declare fees she received between 2010 and 2011 while serving as a Member of the European Parliament. Her lawyers argue that she «was never the lawyer for GDF Suez», the company named in the investigation. These revelations come as Dati is already under judicial investigation in a separate case involving alleged corruption tied to her professional dealings with Carlos Ghosn, the former head of Renault-Nissan. Despite mounting legal pressure, Dati maintains her position and continues to deny all accusations. The Paris prosecutor's office has not yet indicated what steps it may take in response to the reports.
Fashion United
12-06-2025
- Business
- Fashion United
Tax loophole: Decathlon expresses concern over potential CIR decrease in France
As the French government addressed the 2026 budget, the subject of tax credit cuts resurfaced within local media. Among these, a potential decrease in the CIR (Crédit d'Impôt Recherche) could significantly impact companies in the fashion and sports sectors, such as French sporting goods retailer Decathlon. Concerned by the issue, Decathlon voiced its apprehension. According to a document from the Haute Autorité pour la transparence de la vie publique (HATVP) dated March 21, 2025, Decathlon contacted parliamentary decision-makers to warn about the consequences of a reduction in the CIR. The sports retailer indicated this decrease would impact the 'innovation ecosystem in France and the competitiveness of French companies'. Research tax credit What is the CIR? In France, the CIR "aims to encourage companies to engage in research and development (R&D) activities", as stated on the government website This tax system allows companies to deduct part of their R&D expenses from their corporate tax. The CIR rate varies depending on the amount of expenditure incurred. It is 30 percent for expenses less than or equal to 100 million euros and 5 percent for expenses exceeding this amount. The CIR represents substantial financial aid for companies like Decathlon, which have made innovation a pillar of their business model. Innovation has been at the heart of Decathlon's strategy since its creation in 1976. The company distinguishes itself by creating its own brands and developing new products, which it presents each year at an event called 'Reveal Innovation'. The CIR supports this effort by reducing the financial risks associated with the research undertaken. Given Decathlon's continuous investments in R&D, it is highly likely the company is a significant beneficiary of this credit. By warning about the consequences of a decrease in the CIR, the company aims to preserve a favourable tax environment that allows it to continue investing in research into new technologies and materials. Furthermore, Decathlon also mentioned the "innovation ecosystem in France", highlighting the interdependence of economic actors. A decrease in the CIR could weaken the entire innovation value chain, affecting start-ups, SMEs, research laboratories and partnerships. For a group like Decathlon, a dynamic ecosystem is essential for recruiting talent, collaborating with innovative partners and accessing new technologies. This is especially true as the group now owns an investment company called Decathlon Pulse, whose objective is to develop ideas and concepts with 'strong potential'. In 2024, the Decathlon group recorded a 5 percent YoY growth in turnover, reaching 16.2 billion euros. Decathlon x Tawaraya. Credits: Decathlon According to an article published by Le Monde on January 9, 2025, the CIR is the state's primary tax expenditure for businesses, and its amount continues to increase: it was 7.6 billion euros in 2024, approximately 10 percent of corporate tax. According to the same media, the CIR is "a tax loophole that has become a veritable gold mine, abundant, generous and coveted". This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
