{"id":3837,"date":"2011-12-02T08:51:35","date_gmt":"2011-12-02T13:51:35","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=3837"},"modified":"2011-12-02T08:51:35","modified_gmt":"2011-12-02T13:51:35","slug":"panamanian-pressure-on-france-produces-effect","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panamanian-pressure-on-france-produces-effect\/","title":{"rendered":"Panamanian Pressure on France Produces Effect"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2011\/12\/martinelli-in-france.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-3838\" title=\"martinelli in france\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2011\/12\/martinelli-in-france-300x203.jpg\" alt=\"\" width=\"300\" height=\"203\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2011\/12\/martinelli-in-france-300x203.jpg 300w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2011\/12\/martinelli-in-france.jpg 512w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>After Panama President Ricardo Martinelli visited France and suggested to his counter part that he retract a comment made at a G-20 Summit meeting about Panama being a tax haven, all seemed well and good after veiled apologies.\u00a0 Then a week later comes French Budget Minister Val\u00e9rie P\u00e9cresse, who claimed that Panama was not cooperating in the fight against tax evasion.\u00a0 Well Panama does not have the power that France has but that comment\u00a0 just cost a French contractor a $297 million loan for a contract on the new Metro system in Panama City.\u00a0 Gotta love the French.<\/p>\n<p>This in from CentralAmericaData.com.\u00a0 The complaint from P\u00e9cresse came a week after Nicolas Sarkozy made a  commitment with President Ricardo Martinelli to remove Panama from the  list of tax havens after concluding the negotiation of the double  taxation agreement between the two countries.<\/p>\n<p>According to an article in Prensa.com, &#8220;Given this ambivalence, De Lima  responded by sending instructions to cancel a loan of $297 million  awarded to the company <a title=\"COMPAGNIE FRAN\u00c7AISE D\u2019ASSURANCE POUR LE COMMERCE EXT\u00c9RIEUR\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22COMPAGNIE+FRAN%C3%87AISE+D%E2%80%99ASSURANCE+POUR+LE+COMMERCE+EXT%C3%89RIEUR%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Compagnie Francaise Pour Le Commerce Ext\u00e9rieur<\/a> DAssurance (Coface) to finance part of the Metro construction in Panama. &#8221;<\/p>\n<p>Now comes the &#8220;remove foot from mouth&#8221; comment:\u00a0 &#8220;The French Ministry of Foreign Affairs yesterday reiterated its  willingness to take Panama off the list of non cooperative states  relating to taxes, after the treaty to avoid double taxation (DTT)  between the two countries is ratified by the French Parliament, it  announced in a statement. \u2018<a title=\"France\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22France%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">France<\/a> is very committed to strengthening economic and political relations  with Panama, as illustrated by the recent visit of President Ricardo  Martinelli.\u2019&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After Panama President Ricardo Martinelli visited France and suggested to his counter part that he retract a comment<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8,40,38,10,12,39,46,34,33,82,62,21,42,16,29,27,18,22,19,47,26,49,14,11,6,105,20,51,25,50,31,7,32,15,44,17,35,43,45],"class_list":["post-3837","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-azuero-penninsula","tag-beach","tag-boca-chica","tag-bocas-del-toro","tag-boquete","tag-buenaventura","tag-caribbean","tag-casco-antiguo","tag-casco-viejo","tag-coffee","tag-coffee-in-panama","tag-energy","tag-estate-homes-in-panama","tag-estate-planning","tag-exchange-property-in-panama","tag-fantasy-island","tag-foundations","tag-hydro-electric","tag-investments-in-panama","tag-island-property","tag-islands","tag-labor-in-panama","tag-legal-issues","tag-offshore-real-estate","tag-panama","tag-panama-canal","tag-panama-economics","tag-panama-hotels","tag-panama-jazz-fest","tag-panama-metro-system","tag-panama-property-exchange","tag-panama-real-estate","tag-pedasi","tag-tax-issues","tag-travel-to-panama","tag-trusts","tag-venao","tag-whale-watching","tag-what-top-do-in"],"yoast_head":"<!-- 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