Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • Cyber-Insecurity in the AI Era
    • JMGO N3 Ultimate projector: optical clarity redefined
    • Leonardo AI, Airtasker, Canva and Linktree founders back Side Stage Ventures in $50 million Fund II
    • The Chinese Government Just Got the World’s Largest Digital Rights Conference Canceled
    • Coatue formed Next Frontier in 2025 to buy land for data centers; Next Frontier has a JV with neocloud Fluidstack that has raised $5.7B via junk bonds (Wall Street Journal)
    • What’s New on Peacock in May? Catch the Kentucky Derby, a ‘Summer House’ Reunion and More
    • Churn Without Fragmentation: How a Party-Label Bug Reversed My Headline Finding
    • High performance mountain bike brakes
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Friday, May 1
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»Brazilian bill proposes to double gambling taxes to 24%
    News

    Brazilian bill proposes to double gambling taxes to 24%

    Editor Times FeaturedBy Editor Times FeaturedOctober 15, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    In Brazil, a brand new invoice has been proposed which might see a rise within the tax on on-line playing firms, elevating it from 12% to 24%, if it had been to be accredited.

    Congressman Lindbergh Farias, who’s the chief of the Staff Get together (PT), has been vocal concerning the invoice, and he took to social media on Sunday (October 12) to share his stance in a one-minute video.

    The social media put up, which has virtually acquired 100,000 views, explains how the upper playing taxes can be used to put money into well being, schooling and social packages.

    Nós apresentamos um projeto que dobra a cobrança sobre as casas de aposta — de 12% pra 24% — pra investir em saúde, educação e programas sociais.
    Eles defendem o tigrinho e os bilionários. Nós defendemos o povo.
    ASSINE O ABAIXO-ASSINADO no website https://t.co/5p91aLRjx4 pic.twitter.com/7EA2irWjNX

    — Lindbergh Farias (@lindberghfarias) October 12, 2025

    A web site has additionally been created which urges members of the general public to signal so as to add their voice to the dialogue. When translated into English, the web site states, “assist us strain Congress to approve our invoice, which doubles the gathering of bets from 12% to 24%.”

    Brazil’s on-line playing tax proposal comes similar 12 months the market sees regulation

    This is available in the identical 12 months that Brazil formally launched its regulated betting and on-line playing market, with this having taken place on the very starting of the 12 months.

    The online gambling market in Brazil is one which is claimed to have been experiencing important development in latest occasions, with prospects exhibiting a rising curiosity. In accordance with Statista, the variety of customers within the playing market is anticipated to develop to 11.1 million by 2030.

    On the newly proposed invoice web site, the textual content explains how on-line betting has turn into highly regarded within the nation due to the benefit and practicality of betting, together with the ‘huge quantity of commercials.’

    When explaining why the invoice facilities round the next tax, the web site states three causes which embrace aiming to scale back ‘the playing epidemic’ within the nation, in addition to the affect on well being and the economic system, and so the nation has extra assets to take a position.

    Earlier within the 12 months, there have been discussions round probably rising taxes on sports betting. On the time, the Brazilian Institute of Accountable Gaming (IBJR) argued towards this as they said that it could create an ‘unsustainable’ situation.

    Featured Picture: Screenshot through X post

    The put up Brazilian bill proposes to double gambling taxes to 24% appeared first on ReadWrite.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    Coatue formed Next Frontier in 2025 to buy land for data centers; Next Frontier has a JV with neocloud Fluidstack that has raised $5.7B via junk bonds (Wall Street Journal)

    May 1, 2026

    The US Navy awards Domino Data Lab a contract worth up to $100M for AI software that teaches underwater drones to identify new mines in the Strait of Hormuz (Mike Stone/Reuters)

    May 1, 2026

    Apple CFO Kevan Parekh says “the iPhone 17 family is now the most popular lineup in our history” and “we believe we gained market share during the quarter” (Michael Acton/Financial Times)

    May 1, 2026

    OpenAI lawyers claim Shivon Zilis, a longtime Musk employee and mother to four of his children, acted as a covert liaison between him and OpenAI (Wired)

    May 1, 2026

    Huawei expects AI chip revenue to hit ~$12B in 2026, up 60% from $7.5B in 2025, as orders for its Ascend 950PR chip surge and Nvidia stalls in China (Zijing Wu/Financial Times)

    May 1, 2026

    New York Launches Decade-Long Study on Gambling Addiction and Support Gaps

    May 1, 2026

    Comments are closed.

    Editors Picks

    Cyber-Insecurity in the AI Era

    May 1, 2026

    JMGO N3 Ultimate projector: optical clarity redefined

    May 1, 2026

    Leonardo AI, Airtasker, Canva and Linktree founders back Side Stage Ventures in $50 million Fund II

    May 1, 2026

    The Chinese Government Just Got the World’s Largest Digital Rights Conference Canceled

    May 1, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    The ATO appealed an employee’s home office tax deductions on a rental property – and won

    April 14, 2026

    Is Silicon Valley Losing Its Influence on DC?

    July 28, 2025

    SGLA criticizes Minnesota AG’s crackdown on sweepstakes casinos as misguided action

    November 7, 2025
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.