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