£45m UK aid cash given to tax havens


News from Panama

  UK aid: The revelation will anger Tory backbenchers who have criticized David Cameron for committing to spend 0.7 per cent of the national income on aid every year UK paid out £45m to 13 countries on tax haven ‘blacklist’ in just one year Campaigners estimate use of offshore havens costs Treasury £18b a year […]

November 3, 2015

Howell grad hopes to provide medical care in Panama


News from Panama

Ellen Tumbarella is seeking donations to help fund her trip to Panama where she will provide medical care to the region’s citizens. Tumbarella is a 2012 Howell High School graduate.  At Grand Valley, she is studying biomedical sciences and chemistry with a pre-med emphasis. She hopes to one day become a pediatric surgeon. Her interest in […]

November 3, 2015

Cuba and Panama Ratify Interest in Expanding Commercial Bonds


News from Panama

Cuba and Panama expressed on Wednesday in this capital their purpose of expanding and strengthening bilateral exchanges, in a business forum held in connection with the visit to the island of representatives of over twenty Panamanian companies. In the presence of Ileana Nuñez, deputy minister of Foreign Trade and Investment, Omar Fernandez, general secretary of […]

November 3, 2015

Panama: Call for Flexibility in FATF Requirements


News from Panama

The business sector recognizes the need to implement the standards required to be removed from the gray list, but is calling for flexibility so that businesses are not harmed. Without calling into question the need for the country to implement and enforce the rules on transparency, financial sector companies are insisting that authorities provide them […]

November 3, 2015

Panama: Companies request to postpone ITBMS retention


News from Panama

Because of the short time frame and costs required to make the change, businesses are asking for the enforcement of the obligation to withhold 50% Transfer Tax on Goods and Services to be postponed. From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP): (Panama, October 26, 2015) The Chamber […]

November 3, 2015

Costa Rica: Mutiny on Board


News from Panama

Great movie Mutiny on the Bounty but not such a good scene in Costa Rica. Here is a good editorial on the subject. A ship’s captain is the person legitimately appointed to rule the ship, and must not relinquish power to rebellious sailors who want to set a course that serves their own interests and […]

November 3, 2015