Lula Plans Taxes on Banks and Betting to Ease Fiscal Woes

BloombergTuesday, October 21, 2025 at 4:01:52 PM
Lula Plans Taxes on Banks and Betting to Ease Fiscal Woes
Brazil's government, led by President Lula, is working on a plan to increase taxes on high-income earners, certain financial institutions, and online betting. This move comes after a significant fiscal measure was rejected in Congress, highlighting the government's need to boost revenue and improve the country's budget situation. It's an important step as Brazil navigates its fiscal challenges and seeks to stabilize its economy.
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