The Brazilian government has shelved a proposal to tax big tech firms, due in part to concerns that the move could be seen as a response to U.S. President Donald Trump’s tariff threats, two officials with knowledge of the matter told Reuters. Instead the sources, who spoke on condition of anonymity, said Brazil’s government will focus on advancing a separate bill to regulate competition among major digital platforms in Latin America’s largest economy. In September, government officials had said they would submit to Congress a tax on major global tech firms if federal revenue projections for the second half of 2024 fell short.Read More
Brazil holds off big tech tax amid Trump tariff talks, say sources
