The entity argues there is an “unequal treatment” between the so-called ‘Bets’ and the productive sector.
“Brazil needs more effective instruments to curb the impacts caused by the excessive growth of betting. It is also urgent to correct the unequal treatment toward the productive sector — the true driver of job creation, income growth, innovation, and economic competitiveness,” the CNI manifesto states.
Currently, 'Bets' are taxed at 12% on net gaming revenue, after deducting prizes paid to players. The Lula government had proposed — through a provisional measure (MP) intended to offset a smaller increase in the Tax on Financial Transactions (IOF) — raising the rate to 18%, but the proposal expired without congressional approval, signaling dissatisfaction among lawmakers toward the presidential administration.
Even before the MP’s expiration, however, the Workers’ Party (PT), led by President Luiz Inácio Lula da Silva, had already agreed to remove the ''Bets' tax hike from the text. Later, the party resumed its defense of stronger taxation on the betting industry.
Source: Coluna do Estadão, by Roseann Kennedy
