BNDES president proposes higher taxes on betting platforms to offset IOF increase
BNDES president Aloizio Mercadante proposed raising taxes on betting and online gaming platforms as a way to offset the effects of an increase in IOF, speaking at an industry event on 26 May. He called for a dialogue with business groups; the source also reports that specialists warned higher taxes could make Brazil less attractive and encourage offshore or illegal activity.
The proposal could change the tax burden facing betting operators in Brazil if adopted.