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New French PM confirms tax rises for major companies to plug deficit

GlobalData
Summary
Nutrition label

80% Informative

France 's new Prime Minister Michel Barnier has proposed 60b ($ 66b ) worth of spending cuts and tax hikes to help shrink the country’s deficit to 5% of economic output.

Barnier confirmed that there will be a corporate tax rise for France 's wealthiest citizens and companies.

The tax hikes will likely only affect companies that exceed $ 1.1b annual turnover and individuals that earn more than 500,000 .

VR Score

80

Informative language

78

Neutral language

60

Article tone

semi-formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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