Brazil Considers Tax On Big Tech Companies To Meet 2025 Fiscal Goals After Banning Elon Musk's X And Freezing Finances Of Starlink

Quick Summary:

Dario Durigan, the ministry’s executive secretary, stated that the plan aligns with global tax cooperation discussions that Brazil has been spearheading as the chair of the G20 forum, reported Reuters.

The Finance Ministry, in a presentation on the 2025 budget bill sent to Congress on Friday, projected a primary surplus of 3.7 billion reais ($178 million) next year.

What Happened: The Finance Ministry of Brazil is preparing to present proposals to Congress this year for taxing big tech firms.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United StatesBrazil

Topics: Benzinga neuro Twitter Consumer Tech Global Media Stories That Matter Tech Elon Musk StarLink Benzinga News Brazil Politics Big tech Taxing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 08:37:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22344589

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