Brazil Plans Tax Hikes And Tighter Betting Controls
Highlights
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Brazil’s finance minister pushes for tougher betting laws and taxation.
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Minister Dario Durigan has urged the government to be “very tough” on the regulation of betting companies.
Brazil’s Finance Minister Dario Durigan last week said the growth of betting companies bothered him and called for stronger regulations, higher taxation, and restrictions on advertising.
His statements coincide with the remarks previously made by President Lula advocating for a ban on betting.
During his interview with UOL News, he mentioned that “We need to treat bets the same way we treat cigarettes. As it is bad for health [and] it is bad for Brazilians’ pockets, we have to tighten regulations.”
The finance minister highlighted that part of the economy has become dependent on betting companies, noting that the previous government had given significant weightage to those firms in the national economy. Therefore, “It’s not enough for these companies to enter the country and not obey Brazilian rules,” says the minister.
He stated that the current government was effective in tightening regulations. The objective here is to regulate the betting sector, and it is only fair that those companies be part of Brazil’s economy to contribute to the country.
Durigan firmly believes that the government should impose “very tough” regulations on the betting companies to control sector expansion in Brazil.
For more information, Refer Here!
His statements coincide with the remarks previously made by President Lula advocating for a ban on betting.
During his interview with UOL News, he mentioned that “We need to treat bets the same way we treat cigarettes. As it is bad for health [and] it is bad for Brazilians’ pockets, we have to tighten regulations.”
The finance minister highlighted that part of the economy has become dependent on betting companies, noting that the previous government had given significant weightage to those firms in the national economy. Therefore, “It’s not enough for these companies to enter the country and not obey Brazilian rules,” says the minister.
He stated that the current government was effective in tightening regulations. The objective here is to regulate the betting sector, and it is only fair that those companies be part of Brazil’s economy to contribute to the country.
Durigan firmly believes that the government should impose “very tough” regulations on the betting companies to control sector expansion in Brazil.
For more information, Refer Here!
