Brazil’s Lula Vows to Tax and Regulate Big US Tech Firms

Brazilian President Luiz Inácio Lula da Silva said the government will impose taxes and new regulatory requirements on major technology companies operating in the country, specifically citing U.S. digital platforms. The announcement marks a shift toward stricter oversight of multinational tech firms that generate significant revenue from Brazilian users but currently pay limited local taxes. Lula did not disclose the size or structure of the prospective levies, but emphasized that Brazil intends to “judge and collect” taxes from the sector and align oversight with other jurisdictions pursuing similar measures. The administration is expected to develop detailed legislation in the coming months as part of a broader effort to boost domestic revenue and tighten control over digital markets.