FILE PHOTO: A soldier of the presidential guard stands at the Planalto Palace as the Brazilian flag flutters in the background, in Brasilia, Brazil July 31, 2025. REUTERS/Adriano Machado/File Photo
BRASILIA (Reuters) -Brazil plans to announce a tax incentive plan in early September aimed at attracting foreign tech companies to build data centers in the country, two economic policy officials told Reuters.
The sources, who requested anonymity to discuss the confidential plans, said the "Redata" program is designed to build goodwill with big tech firms and also more broadly with the United States, which imposed a 50% import tariff on Brazilian goods.
