One day after the defeat of the IOF Provisional Measure, which would have increased taxes on operators, the leader of the ruling party the Workers’ Party (PT) in the Chamber of Deputies, Lindbergh Farias introduced a bill that would increase taxes on the industry from 12% to 24%.
An increase from 12% to 18% had been included in a provisional measure regarding alternatives to raising the IOF. However the Chamber removed the discussion of the matter from its agenda, rendering it invalid.
Lindbergh’s proposal, which has the support of the PT’s congressional delegation, stipulates that 12% of the tax on betting will be allocated to investments in the healthcare system.
The parliamentarian claims that reports of individuals seeking treatment for gambling addiction have increased by 300% between 2022 and 2024.
“Ludopathy, in addition to having strong impacts on the mental health of the gambler and their family, can greatly affect personal and family finances, leading to significant indebtedness,” Lindbergh states in the bill.
The deputy further argues that even with the increased taxation, Brazil’s rates would still be lower than those in countries like Germany and France.
“Therefore, to try to mitigate this epidemic, in addition to all the regulations being developed by the federal government, we should raise taxes on bets to make gambling a little less attractive and to obtain the necessary resources to invest in our healthcare system,” concluded the PT leader in the Chamber.
In response to coordination issues in Congress and growing distance from Centrão, a loose coalition of centrist and centre-right political parties in Brazil, the Lula administration has opted to launch a campaign that emphasizes a conflict between the wealthy and the impoverished. Meanwhile President Lula’s approval rating has dropped to its lowest point since he returned to office, according to official polling data.
In June, the Workers’ Party released a video outlining the federal government’s proposal to exempt individuals earning up to R$5,000 per month from Income Tax (IR) and to lower the tax rate for those making between R$5,000 and R$7,000. Promoting the idea of tax justice, the video advocates for higher taxation on wealthier individuals to offset the lost revenue from the exemptions and to help stabilize public finances. In the video, this reform is referred to as “BBB Taxation,” which stands for “Billionaires, Banks, and Bets.” According to the ad’s voiceover, these groups pay “little to nothing in Income Tax” and “will be required to pay more.”
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One day after the defeat of the IOF Provisional Measure, which would have increased taxes on operators, the leader of the ruling party the Workers’ Party (PT) in the Chamber of Deputies, Lindbergh Farias introduced a bill that would increase taxes on the industry from 12% to 24%. An increase from 12% to 18% had been included in…
The post Worker’s Party seeks to double taxes on gambling companies in Brazil appeared first on G3 Newswire.