Brazil loses sponsor tax break revenue

Christian Aid says Brazil will lose between $246 million and $530 million in foregone revenue due to tax breaks provided to 2014 World Cup sponsors including Johnson & Johnson, Budweiser and McDonalds.

The price of these tax breaks for corporate giants will be paid by people living in poverty in Brazil and that is obscene. Brazil is already one of the most unequal countries in the world. The millions that FIFA demands for its sponsors should be used for the benefit of Brazil’s many poor communities, not to enrich the already powerful.