PolicyFortuneabout 2 hours ago
Brazil Passes Tax Break for Data Centers
4 min read
President Luiz Inácio Lula da Silva signed a law on Sept. 15 cutting taxes on qualifying data center equipment under the REDATA legislation. This move aims to improve data sovereignty by requiring companies to offer 10% of services locally and invest 2% of equipment value in Brazilian research, contrasting with U.S. constraints.
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