The government is investigating Blaze and 13 other bookmakers on suspicion of tax fraud, with losses up to R$ 96.000.000
The federal government is investigating 14 online betting platforms, including Blaze, on suspicion of underreporting revenue and tax irregularities.$ 477 mRecoverables in bonds to reduce the declared turnover of R$ 1,9billion to R$ 1,4billion, generating possible losses of up to R$ 96 mThe SPA, attached to the Ministry of Agriculture, conducts administrative proceedings and provides for fines up to R$ 2Foggo Entertainment, owner of the Blaze brand, denies wrongdoing and says it follows current regulations.
== sync, corrected by elderman == @elder_man
Starting point: verification of income, taxes and social transfers
The federal government has placed 14 online betting platforms under investigation.The suspicions focus on possible under-reporting of revenues and other practices that would have reduced both tax collection and mandatory social transfers.At the heart of the case is Blaze, whose conduct, still being investigated, may have generated losses of up to R$ 96 mand illusions.
The investigation is aimed at identifying whether companies have used mechanisms to artificially decrease the declared turnover, which could lead to a lower payment of taxes.
How the investigation got to Blaze.
Folha de S.Paulo reported that Blaze declared R$ 477 mIt was found that this classification would have reduced the reported turnover of R$ 1,9billion to R$ 1,4One billion.
The sensitive point is how these bonuses are entered in the accounting.Experts heard on the clearing maintain that these amounts should not be deducted directly from gross revenues.In their view, they should be treated as marketing expenses, especially by the conditions imposed so that users can withdraw resources.
PIS, Cofins and the tax gap investigated
The research also considers possible discrepancies in the calculation of taxes such as PIS (Social Integration Programme) and Cofins (Contribution to Financing Social Security).$ 39 mand illusions.
Other undertakings and the scope of administrative procedures
RR Participações, responsible for the MultiBet and Ricobet brands, is also among the platforms investigated.
In total, the government has opened 14 sanctioning administrative proceedings against betting platforms.
Fines, secrecy and the role of the SPA
The SPA (Secretaria de Premios y Apuestas), attached to the Ministry of Finance, is responsible for regulating and supervising the sector.
The supervisory regime provides for fines of up to R$ 2The SPA did not detail individual cases, claiming that disclosure of information about ongoing inspections could compromise intelligence and crime prevention activities.
Foggo Entertainment's response and the stage is still open
In response to the report, Foggo Entertainment, which holds Blaze's trademark rights in Brazil, stated that it calculates its gross revenue according to current regulations and guidelines of the competent authorities.
This statement does not represent a conclusion on the suspicions investigated.
Additional background to the material: Stake balance, debt and lock-in
The supplementary information in the material broadens the picture of the sector.With credit to Marcello Casal Jr/Agência Brasi/ND Mais, the text reports that more than 22 million bettors still have money to be received from bets, with a balance remaining R$ 159 millusions, according to the government.
Another caption, by Ricardo Stuckert/Divulgação/ND Mais, cites the episode described as "R$ 4 mdebt illusions", in which Lula ignores appeal at Brasileirão and reveals lawyer's suicide caused by betting addiction.
There is also a record of Joédson Alves/Agência Brasil e Terra Betting on bets blocked in Brazil, except for one: Stake continues to air after the decision of Justice in SP, but already has date to "close doors".
Current plaque: what it means for the reader
For those who follow the subject off-field, the immediate message is that federal oversight advances on declared revenues, withdrawable bonds, PIS, Coffins and fines of up to $$ 2For the reader, the episode shows that the discussion is not limited to a team, coach or goal in Brasileirão: it involves fundraising, social transfers, transparency of platforms and possible effects on users such as R$ 159 mremaining balance islands mentioned in the material.
At this time, the case is under administrative proceedings. There is no conclusion on guilt, but the investigated platforms including Blaze, RR Participações, MultiBet and Ricobet are under investigation with possibility of regulatory measures.
It is also important to note that the Commission's proposal for a regulation does not contain any specific provisions in this area, and therefore it cannot be considered compatible with the internal market.
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