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Brazilian deputies' committee backs urgent vote on proposed 24% betting tax

Regulation

Brazil's Chamber of Deputies Finance and Taxation Committee approved urgent consideration of a bill that would raise online betting tax from 12% to 24% of GGR. The measure could go directly to the chamber floor; its sponsor, Lindbergh Farias, said additional revenue would support gambling-harm prevention and care, while industry groups warned the increase could benefit illegal betting.

A floor vote could change the tax rate and the proposed allocation of betting revenue.

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