Thursday, December 25, 2008

Christmas 2008


Tuesday, I received “good” news, regarding Monday’s note! In fact, I had the displeasure to receive a certified letter from the tax office opposing the contingency reserve we make for the rise or fall of the price of wine.
These reserved where actually approved in my 2 last tax audits are now being challenged as the tax office wants to change the rules!
Funny sort of process, especially considering the current situation, for even if my company is solid and profitable, these rules benefit to the entire industry. This will force some companies who are not solid and won’t be able to use theses contingency to close.

In the meantime, our politicians are saying the opposite and announce that companies have to be helped and hire more employees.
Actually, yesterday I received my financial statement ending 08/31/2008. It was very positive and will allow me to weather these hard times.
It is no time to slow down, fire employees, actually on the contrary.
Everyday, we receive orders from every sector.

Yesterday, in the media, an article from Panos Kakaviatos was published in Decanter on the eternal debate on modern wine against classic and their aptitude to age.

In Bettane and Desseauve, Haut Carles got a special selection (out of 10 wines!), and I was included in the top 10 personalities of the year (for Bad Boy, the blog and my role as manager of Vignobles Fayat).

Later that day, between 6 and 6:30 pm, a television report will be broadcasted on LCI on the economic crisis and wine?

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