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Brazilian minister visits Silicon Valley to attract data center investments with tax breaks.
Brazilian Finance Minister Fernando Haddad plans to visit Silicon Valley to attract data center investments by offering tax exemptions.
The policy aims to unlock up to $352 billion in investments over a decade by exempting federal taxes on IT-related capital expenditures for data centers using 100% renewable energy.
The plan, which needs congressional approval, could also boost construction, telecoms, and AI services.
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El ministro brasileño visita Silicon Valley para atraer inversiones en centros de datos con exenciones fiscales.