Lula Says He’ll Cut Privileges Without Taking From Anyone

July 1, 2025, 4:37 PM UTC

There is a rebellion when Brazil’s government asks the wealthy to pay a little more tax, said President Luiz Inacio Lula da Silvaat an event to launch the agriculture funding program known as Safra Plan, in Brasilia.

  • “One day this country will have a fair tax policy,” said Lula
    • Lula denied that taxing online betting firms is a tax hike and said that lobbying is preventing the proposal from moving forward
    • “Few countries in the world have a Finance Minister as serious as Fernando Haddad
  • Lula said he was not satisfied with the benchmark interest rate at 15%, ...





Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.