Brazil Govt Shelves Proposal to Tax Big Tech Firms, Reuters Says

Brazil’s government has shelved a proposal to tax big tech firms in part because of fears that the tax could be seen as a response to US President Donald Trump’s tariffs threats, Reuters reports, citing officials familiar with the matter.

• Tax would have affected major US tech companies including Amazon, Alphabet and Meta
• Brazil will focus instead on a separate bill to regulate competition among major digital platforms

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Moira Warburton in London at mwarburton15@bloomberg.net

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