Brazil to offer tax breaks to lure data center investments, sources say

Published on: Sunday 27 April 2025

BRASILIA (Reuters) -Brazilian Finance Minister Fernando Haddad will begin a trip to Silicon Valley this week with a plan to lure data centers to his country by exempting the related technology investments from federal taxes, four sources familiar with the matter told Reuters. Haddad's trip to California on Friday includes a May 6 breakfast with tech executives in Palo Alto, where he will pitch Brazil as a sustainable infrastructure hub, leveraging the country's abundant supply of renewable energy. The Finance Ministry estimates the new policy could unlock some 2 trillion reais ($352 billion) in investments over the next decade, including the spillover into construction, telecoms and AI-related services, according to two of the sources, who requested anonymity in order to discuss the private plans.

News source: https://finance.yahoo.com/news/brazil-offer-tax-breaks-lure-113444131.html

Share this news on: Facebook Twitter

My Financial News from Brazil, Taxes

Brazil to offer tax breaks to lure data center investments, sources say