Coronavirus: United Kingdom, facing worst recession on record, sees GDP drop 20.4% in Q2

The UK has seen its economy, hit by the coronavirus crisis, suffer a "record" contraction of 20.4% in the second quarter, and is officially facing its worst recession on record, agency figures show National Statistics (ONS), published Wednesday 12 August. 
Economists consider that a country enters a technical recession when it accumulates two consecutive quarters of contraction in its economy. According to the ONS, most of the contraction, which began to be felt in March, occurred in April, an entire month of containment and almost total cessation of activity in the country, which saw production collapsed by 20%.

With a very early recovery in construction sites and manufacturing activity, gross domestic product (GDP) rebounded in May by 2.4% (revised figure), followed by an acceleration in June (+8.7 %) thanks in particular to the reopening of all shops. This is the biggest contraction in the UK economy since the ONS began these quarterly statistics in 1955, he said…

Accused of having concealed part of its revenues from the tax authorities, the Rotonde brewery formally denies

La Rotonde, a legendary Parisian brasserie very popular with people and politicians, like Emmanuel Macron who celebrated his victory in the first round of the presidential elections in May 2017, is in the sights of the tax administration. In an article dated Friday, July 31, the economic magazine Capital reveals that the establishment would have hidden part of its receipts in cash.
 

"This is what the tax authorities discovered during a check" in November 2013 carried out in "the brewery, as well as at the home of owner Gérard Tafanel," the media said. The tax inspectors would have noted in particular that the receipts were not numbered, "which makes it impossible to check that all the receipts are indeed entered in the accounts".

They would have especially discovered in the computer of the establishment the presence of three files allowing "the deletion of recipes using an external tool", specifies Capital. "The anomalies [discoveries] reveal a manipulation intended to hide line deletions, "concluded Bercy according to the weekly. Result: the brewery was notified of a tax adjustment estimated at 1.6 million euros.



"A pure invention"

Contacted by Le Parisien, the brothers Serge and Gérard Tafanel, who bought the restaurant from their uncle in 1992, dispute these accusations. "It's a tissue of lies. A pure invention", they assure on a daily basis.

Antoine Vey, their Parisian lawyer, tells the Parisian that "it was never a question of hiding recipes". "At the origin of this story, specifies the one who also advises Patrick Balkany, there is a slanderous denunciation of an employee of a company which sold and installed in restaurants, including the Rotonde, a cash register software, software which presented an anomaly ".




In 2017, the tax authorities deemed the case serious enough to report it to the Paris prosecutor's office, which opened a preliminary investigation for "tax fraud". Since then, the Tafanel brothers have appealed to the Paris Court of Appeal, then to the Court of Cassation, to the Paris Administrative Court and to the "Council of State", Le Parisien said. Faced with the importance of the tax adjustment, the brewery was placed in safeguard proceedings by the Commercial Court of Paris.