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Tag Archives: Luiz Inácio Lula da Silva

National Congress session on Brazilian President’s vetoes is postponed

The session of the National Congress that would have analyzed President Luiz Inácio Lula da Silva‘s vetoes to proposals approved by the Legislature was cancelled due to a lack of agreement among party leaders. The joint meeting between federal deputies and senators, scheduled for Wednesday night (April 24), was rescheduled to take place between May…

Brazil – Lula criticises online gambling industry

President Luiz Inácio Lula da Silva criticized the online gambling sector at an event held on Friday, February 23 in Rio de Janeiro. Brazil’s president made comparisons between online gambling with the so-called “jogo do bicho,” (the animal game) which is illegal in Brazil. Talking during a Petrobras event at the Museum of Modern Art…

Brazil – Sports betting measure to go into effect after China trip

Finance Minister Fernando Haddad announced that the government will regulate online sports betting and is planning on putting forward a formal measure in March. Talking to journalists Haddad said that the Provisional Measure (MP) to tax online sports betting will be implemented after he and the President return from China. “It should probably come out after the trip to…

Brazil – Sports betting bill will be used to finance tax break for low income workers

Brazil will start taxing sports betting and is planning on putting forward a formal measure this month according to Finance Minister Fernando Haddad. In an interview with the UOL news portal, the official stated that the measure will be taken to counteract the increase in the income tax exemption for workers who earn twice the…

Brazil – Sports betting bill would raise billions for the government

Fabio Graner, an analyst at Jota Economics based in Brasilia, has argued that sportsbetting regulation now reportedly now under consideration could allow the government to collect close to R$6 billion (aroundUS$1.16 billion) a year in fees and taxes. The estimate comes after a series of stories in media outlets including in Folha de Sao Paulo…

Brazil – More reports emerge over Lula sports betting bill

Further reports are emerging that the government is poised to regulate sports betting in the wake of a match fixing scandal in Brazilian second division football.   According to CNN the administration of Luiz Inácio Lula da Silva is working on measures to regulate the sports betting market. According to sources interviewed by CNN, The Ministry of…

Brazil – Sports betting bill could be on Lula’s agenda

According to Brazilian journalist Paulo Vinícius Coelho lawmakers could look at regulating sports betting after the carnival season. The well known sports journalist stated via news outlets Folha and CBN Esportes Brasil that laws are now under review, and could be signed by President Luiz Inácio Lula da Silva. “The urgency is to regulate betting sites…

Brazil – Gambling bill could be debated this month

According to local daily Metropoles, lawmakers could look at the gambling reform bill after the carnival season which ends on 22 February.  Senators who support the bill expect the proposal to be debated in the senate due to the huge amount of revenue it could generate for the government. PL 442/91, was passed in the…

Brazil – Pro gambling reform legislator becomes part of Lula’s transition team

Deputy Felipe Carreras has become part of President-elect Luiz Inácio Lula da Silva’s transition team.   Carreras will form part of the working group that will refer issues related to tourism for assessment to the next administration. According to those close to the new government, Carreras intends to promote, during the transition phase, the idea that…