Published On Sep 25, 2024, 12:00 AM
France's new prime minister, Michel Barnier, is considering reversing tax cuts implemented by President Emmanuel Macron in an attempt to address the country's growing budget deficit and reassure international investors. France's financial situation has deteriorated, leading to increased borrowing costs and pressure on the government to take immediate action.
Negative
Investors should watch the French financial markets as tax increases could lead to reduced corporate profits, particularly affecting large corporations and high-income tax brackets. French government bonds may come under pressure due to higher borrowing costs, impacting attractiveness for investors. However, some sectors, like public services and infrastructure, might see a funds boost from increased taxation.
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France’s new prime minister, Michel Barnier, has opened the door to reversing some of President Emmanuel Macron’s tax cuts in an effort to fix the country’s widening budget deficit.
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