Brazilian senators cancel committee meeting on proposed bets tax increase

Brazil’s Senate Economic Affairs Committee cancelled a meeting that was due to consider a bill raising taxes on betting companies and financial firms, according to the report. Senator Renan Calheiros said the cancellation followed a call in which Chamber of Deputies president Hugo Motta told Senate president Davi Alcolumbre he would not put the proposal to a vote in the lower house. The bill proposed doubling the betting revenue tax rate from 12% to 24%.