The Age Of Automatic Information Exchange


News from Panama

Tax-News.Com published this well written in depth editorial on the historic point in international tax enforcement. September 2017 could be said to mark a historic point in international tax enforcement, as it is the month that around 50 jurisdictions have committed to making their first automatic exchanges of information under the OECD Common Reporting Standard […]

October 11, 2017

What I am reading now


News from Panama

It’s a very small cup: blue dotted with yellow, the colors of the Ukrainian flag. But for Yelena, it holds a lot of history. It’s a reminder of almost thirty years’ labor, and of the day they ended in summer 2014, when an artillery shell landed on the bread factory where she’d worked all her […]

October 10, 2017

The Criminalization of Tax Evasion


News from Panama

A proposal has been made to criminalize tax evasion in Panama, where, unlike other countries, it is only considered an administrative defect. In order to avoid going back on the gray list and improving compliance with international standards against money laundering and fiscal transparency, the Panamanian government has presented a comparative study on tax offenses […]

October 10, 2017

Project to Reactivate Banana Production


News from Panama

In Panama, $13 million were approved to sign lease agreements with landowners where Del Monte will reactivate banana production in Barú, Chiriquí. With the disbursement approved by the Cabinet Council, part of the contracts to lease farms may be signed so that Banapiña, a subsidiary of Del Monte, can start the process reactivating banana production […]

October 10, 2017

Gencom-Led Ownership Acquires Andaz Costa Rica Resort at Peninsula Papagayo


News from Panama

Gencom, a leading Miami-based international luxury hospitality and residential real estate investment and development firm, announces the acquisition of Andaz Costa Rica Resort at Peninsula Papagayo by a Gencom affiliate, Papagayo Partners Ltd., in conjunction with local real estate developer Sinergo Development Group S.A. Following the August 2016 purchase of the 1,400-acre Peninsula Papagayo and […]

October 10, 2017

Projected Investment of $17 million in Logistics Park


News from Panama

An environmental impact study has been submitted for construction of a logistics complex in an approximate area of ??40 hectares in Arraiján, Panama. Data from the Interactive System “Construction in Central America”, compiled by the Business Intelligence Unit at CentralAmericaData, indicates that in July Corporación Regente, S.A. submitted an Environmental Impact Study (EIA) to the […]

October 10, 2017

Panama: Construction Permits Suspended


News from Panama

The National Civil Protection System has recommended suspending permits for new real estate projects in San Miguelito and Panama, until the real impact of urban growth seen in the area has been determined. Due to increased incidents such as landslides and floods in Condado del Rey and surrounding areas, Panama’s National Civil Protection System (Sinaproc) […]

October 10, 2017

Natalia Kanem of Panama named to head UN population agency


News from Panama

Secretary-General Antonio Guterres has appointed Dr. Natalia Kanem of Panama to head the U.N. population agency. Kanem has been serving as acting executive director of the U.N. Population Fund since the sudden death in June of UNFPA chief Dr. Babatunde Osotimehin of Nigeria. She had been deputy executive director since July 2016. U.N. spokesman Stephane […]

October 10, 2017