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Brazilian senators propose 15% betting levy to fund prisons and security

Regulation

A proposal to impose a 15% CIDE levy on betting would direct revenue to a fund for combating organised crime, with half earmarked for new prison spaces. Rapporteur Alessandro Vieira said the measure had support from congressional leaders; Senate president Davi Alcolumbre said the Anti-Faction Bill would be voted on the following week.

If adopted, the levy would change betting operators’ tax obligations and direct revenue to public security funding.

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