WorldBolsonaro highlights vaccination and “very large popular support” when selling his Government...

Bolsonaro highlights vaccination and “very large popular support” when selling his Government at the G20

Rome met this Saturday at least two Bolsonaros. In his official version, the Brazilian president exalted, during a speech at the G20 summit, the vaccination campaign against covid-19 and said that his government is committed “to an agenda of structural reforms”. Backstage at the meeting and in an interview with journalists, Jair Bolsonaro said that the national economy is “returning very strong”, that “Petrobras is a problem” and that it has “very large popular support”, in addition to criticizing the market “a little nervous ”, who would be playing against the country. But very little of what the president projected about his government in the Italian capital holds up in reality.

In the speech, Bolsonaro said that “Brazil has committed to an extensive and efficient vaccination program, in parallel with an agenda of emergency aid and job preservation to protect the most vulnerable”. He did not mention, however, the delay in starting the national vaccination campaign or the fact that he himself did not get vaccinated and that he continues to sow doubts about the immunizers against the coronavirus, something that led Facebook and YouTube to take the video of one of your lives. The details about the tortuous paths of emergency aid, whose continuity threatens to break the spending ceiling, would also not help the president to sell his government abroad, as would the difficulties in advancing the National Congress with any of the structural reforms with which his administration says she is committed.

A Bolsonaro much closer to the real revealed itself in front of Turkish President Recep Tayyip Erdogan. In a brief informal conversation, brokered by translators and spotted by journalists, the Brazilian said that the national economy is “returning very strong” —in fact, recession projections for 2022 are beginning to emerge—, that “Petrobras is a problem”, because the Government would be facing a very big reaction for breaking its monopolies, and that it retains “very large popular support” — its Government’s approval does not exceed 30% in any opinion poll. “We have a good team of ministers. I didn’t accept nominations from anyone. I was the one who put everyone. I honored the Armed Forces. one third of the ministers [é de] professional military personnel. It’s not easy. Doing the right things is more difficult”, concludes the Brazilian.

Later, when he returned to the Brazilian embassy in Rome, where he is staying, Bolsonaro vented his feelings against the financial market, which has been punishing his government’s missteps with fluctuations. “The market has to understand that, if Brazil is bad, they will also be bad. We are on the same team. The market, every time nervous, gets in the way of everything in Brazil”, criticized the president in front of the press microphones, defending that it did not negatively influence the Brazilian economy and repeating the speech that he was always against the “stay at home” during the pandemic of Covid-19.

Asked about Brazil’s proposals for COP26, the world conference on climate change that starts on Monday, Bolsonaro said that the country will present “a surprisingly optimistic position”. And he took the opportunity to snipe the Europeans, saying that, when flying over the continent, it is difficult to see riparian forests. “Brazil preserves approximately two thirds of what we received in 1500. Brazil is an example to the world. There is a huge smear campaign over Brazil”, he said, adding that the progress of Brazilian agribusiness “disturbs a lot of people”, as well as the stimulus that his government would be giving to the indigenous people to produce.

Unlike most of his G20 peers, Bolsonaro is not going to COP26, which takes place in Glasgow, Scotland. He preferred to schedule a visit to the small Italian town of Anguillana Veneta, from where his great-grandparents emigrated and whose City Council granted him the title of honorary citizen. Before leaving Italy, Brazilians still pass through Pistoia, where they visit the cemetery that houses 500 squares killed during World War II. On Friday, Vice President Hamilton Mourão defended Bolsonaro’s decision not to attend COP26: “It’s that story: you know that President Bolsonaro suffers a lot of criticism, so he will arrive at a place where everyone goes throwing stones at him”, said Mourão, noting that “there is a robust team there, with the capacity to, let’s say, carry out the negotiation strategy.”

corporate tax

This Saturday, G20 leaders gave new impetus to the 15% global minimum corporate tax. In the first session of the meeting, the leaders of the world’s largest economies expressed “broad and transversal support” for the agreement reached within the scope of the mediation of the OECD, which around 140 countries signed. The message of the large G20 economies, which represent more than 80% of the world’s GDP, has the value of giving political vigor to a process that, after the pact, faces a complex path of implementation. The goal is to activate the new tax architecture, which also provides for measures to tax large digital companies, in 2023.

The new impetus given by the G20 attests to the success of an agreement that the OECD had been working on for more than seven years, on a project known as the Inclusive Framework on BEPS (tax base erosion and profit transfer), from which more than 130 countries they participate, so that large multinationals pay taxes where they do business and not where it is cheaper for them. The impetus given by the last G7 summit, held in early June in London, was decisive in reaching a minimum agreement, as was the leadership of the new US administration under President Joe Biden and his Treasury Secretary Janet Yellen. The meeting between economy ministers in the scope of the G20 presidency, held in Venice, last July, also contributed.

On this subject, the official Bolsonaro said, during Saturday’s speech, that “the historic agreement concluded by the G20 and other countries on international taxation, within the scope of the OECD, is also a significant contribution to fiscal and economic sustainability.”

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