Argentina threatens Lula’s G20 initiative by rejecting taxation of the super-rich

by Andrea
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In a new front of clashes in the G20, the Argentine delegation indicated this Friday, the 15th, that it opposes the proposal to tax large fortunes, previously approved by all countries in the group. The Argentines’ gesture worries members of the Brazilian government, who see a risk of the proposal being overturned.

A member of the Ministry of Finance understands the change of position as “a red line” crossed by Argentina and confirmed to the Estadão the belligerent stance of the delegation sent to Rio by Buenos Aires. Itamaraty diplomats also said that there are difficulties in convincing Argentines.

caught by Estadão On the phone during a break in the final meeting of Sherpas, former Argentine senator and diplomatic negotiator Federico Pinedo refused to reveal the objections raised by the government. The report asked him if the information that they had rebelled against the taxation, leaked from the closed-door meeting, was true.

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“We are serious, if there are others who are not, I am sorry. The negotiation is not over. Until it’s over, we won’t say anything,” said Javier Milei’s representative.

Ultraliberal president Javier Milei has ordered a blitz on Argentine diplomacy, which has been experiencing dismissals for months, in a process of intervention by the Casa Rosada, with ideological roots. Milei recently replaced economist Diana Mondino, until then Minister of Foreign Affairs, with businessman Gerardo Werthein, previously his ambassador to the United States.

In the G20, the teams were not changed, but they changed their position, according to members of the Treasury and Itamaraty.

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Unofficial information also indicates that Argentina has not yet joined the Global Alliance Against Hunger and Poverty project. According to negotiators participating in the meeting, the Argentine envoys also again expressed resistance to climate and customs issues – such as gender issues – although an ambassador considers that Buenos Aires is interested in climate financing, with the expectation of receiving resources.

Milei confirmed her presence at the G20. He must speak twice, behind closed doors, in front of the other presidents and prime ministers. He chose to speak on the themes of Hunger and Poverty and Global Governance Reform, but not on Climate. According to a secretary at Itamaraty, each leader will speak twice at the summit. Only host Lula will be able to speak at the opening of each debate session.

The libertarian has also not yet managed to open doors with Lula for a bilateral meeting that had already been requested before. Ideological rivals, they have a history of public offenses and provocations, as well as unmet demands for apologies.

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Sherpas from the G20 countries have been meeting for four days in Rio, finalizing the group’s agreements and references to them, so that they can be included in the Rio Leaders’ Declaration, to be signed and released during the summit, on the 18th and 19. The official G20 communiqué would use as a basis the consensus reached in previous Finance debates.

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Argentina threatens Lula's G20 initiative by rejecting taxation of the super-rich

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