Brazil plans to start taxing sports betting and will propose the measure as early as this month, Finance Minister Fernando Haddad said on Wednesday, in an effort to boost fiscal revenue to offset increased social spending. In an interview with news portal UOL, he stated that the measure will be taken to compensate for the increase in income tax exemption for workers who earn up to twice the minimum wage, promised by leftist President Luiz Inacio Lula da Silva.

“I will regulate online gambling,” said Haddad. “They don’t pay any taxes and take a fortune of money from the country.”