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venture capital firm Dawn CapitalCNBC
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79% Informative
Technology entrepreneurs and investors slammed the U.K. government's decision to hike capital gains tax, National Insurance contributions and carried interest for VC fund managers.
Finance Minister Rachel Reeves announced a move to raise CGT as part of a far-reaching announcement on the Labour government's fiscal spending and tax plans.
Hikes were less severe than previously feared, but push toward a higher tax environment for corporates stoked the concern of several tech executives and investors.
Higher CGT rates mean tech entrepreneurs will face "greater costs when selling assets," while the rise in employer NI contributions "could impact hiring decisions" Sean Reddington , founder and CEO of educational technology firm Thrive, said that many firms would still welcome the "longer-term certainty and clarity provided".
VR Score
89
Informative language
93
Neutral language
91
Article tone
formal
Language
English
Language complexity
61
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Hate speech
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Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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