Colombia: Bogota Lists Panama As Tax Haven


News from Panama / Wednesday, October 8th, 2014

TAX HAVEN A

The Colombian government added Panama to its list of tax havens Oct. 8 after Panama refused to share information about Colombian assets being held in its country, according to a Colombia Reports story. Money transfers from Colombia to Panama will now be taxed at 32 percent instead of the standard 10 percent. Colombia said it would remove Panama from the list as soon as it shared the information it had requested.