
BRICS+ Series: Brazil Bets Big on Online Gambling Taxes
President Luiz Inácio Lula da Silva’s administration is intensifying efforts to levy taxes on Brazil’s rapidly expanding online gambling sector, aiming to bolster revenue for the 2026 national budget. Finance Minister Fernando Haddad’s initiative, branded under the “billionaires, banks and bets” agenda, targets R$35 billion (€6.2 billion) through levies on companies that






