Nick Giambruno writes for Casey Research about the benefits of owning foreign real estate. This is nothing new but in today’s world, it has become an important part of financial planning especially if you want to have a “Plan B”. Financial privacy is dead. You should assume that, sooner or later, all the details of […]
Colombian businessmen have pointed out the damage caused to their business dealings with Panama by the respective governments inability to resolve continuing conflicts over the sharing of financial information and tariff policy. Representatives from the Colombian Chamber of Commerce – Panama stressed the importance of Panama not only as a financial center but as a […]
DHL has announced an investment of $4 million to operate directly from the Colon Free Zone, with special focus on the pharmaceutical, textile and home appliances sectors. The Logistics company DHL has reactivated its operations directly in the Colon Free Zone with an investment of more than $4 million, confirmed Gilberto Castro, operations manager of […]
My friend Skip sent me these very cute short stories. {1} Once all the villagers decided to pray for rain. On the day of prayer all the people gathered, but only one boy came with an umbrella. That’s FAITH {2} When you throw a baby in the air, she laughs because she knows you will […]
OK, now it gets interesting and here is the story on how the US is one of the world’s largest tax havens. The release of the so-called Panama Papers threw back the veil on how the world’s ultra-rich hide their wealth in secret offshore shell companies, and critics say Delaware’s incorporation law also allows faceless […]
The Wall Street Journal put out this article telling how Bernie got it backwards.. again!! When you’re a protectionist hammer, everything looks like a free-trade agreement to pound. So it shouldn’t surprise that Bernie Sanders is using the disclosures in the Panama Papers to assail the 2011 U.S.-Panama trade accord for making secret bank accounts […]
The accounting industry has a Snowden, and his name is Antoine Deltour. In November 2014, the Luxembourg-based former PricewaterhouseCoopers employee leaked thousands of documents to mass media outlets around the world, revealing hundreds of tax-avoidance schemes exploited by more than 350 multinational corporations—and implicating the country’s long-standing status as a tax haven. As big as […]
Chuck Bolotin writes in The Street about where you can go and Panama in number one!! Every election cycle, we hear about U.S. citizens who say that they will leave the country if a particular candidate becomes president. Their reasons and status may vary widely from election to election. “In 2004 people moved to Boquete […]
Here is an OP-ED Contribution to the New York Times by Panama President Juan Carlos Varela. DESPITE their name, the Panama Papers are not mainly about Panama. They are not even primarily concerned with Panamanian companies. The more than 11 million documents, illegally hacked and released last week relating to previously undisclosed “offshore” corporations, is […]
Here is a great article from The Guardian on the history of Panama. In 1903 the US bullied Colombia into giving up the province that became Panama. The plan was to create a nation to serve the interests of Wall Street. This goes back a long way. The Panamanian state was originally created to function […]