☀ Domingo Brief — The G20 Global Tax

Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.

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Welcome back to the Domingo Brief! This week, we’re observing green hydrogen deals in Uruguay, Brazil’s tax proposal for the G20, Daniel Noboa’s approval ratings, and more.

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Trivia of the Week

Just under three-quarters of you were right: the 19th century was marked by longstanding conflict between the Liberals and Conservatives in Latin America’s new republics. The Liberals sought free trade and a reduced role for traditional institutions like the Catholic Church; meanwhile, the Conservatives wanted to maintain protectionism and highly-vaulted institutions like the church. Debates over elements such as federalism versus centralism also played a role. The Thousand Days’ War in Colombia (1899-1902), in which roughly 3% of the country’s population was killed, provides an example of the consequences of such a conflict.

Each week, tune back in for the answer to the previous week’s trivia question. No cheating!

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🇧🇷 Brazil is pushing for a global tax on the world’s richest people. Proposed by Finance Minister Fernando Haddad at a G20 meeting in São Paulo, an agreement would seek to promote cooperation and fight tax evasion, which is expected to cost the world’s nations roughly $4.8T over the next decade.

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🇪🇨 Ecuadorean President Daniel Noboa has an impressive 80% approval rating three months into his term. The young leader, whose presidency has been defined thus far by war against cartels and gangs, currently has the highest approval of any president going back to 1979.