Panama

Panama talks could end tax haven tag

by moveforward on September 27, 2013

Panama talks could end tax haven tag

Panama talks could end tax haven tag

There are many countries in the world which are deemed to be “tax havens” because of their favourable tax regulations and while the likes of Europe and the USA attempt to close down these tax havens, it is not always easy. However, it has been announced that the US government is in talks with its Panamanian counterparts about a tax evasion agreement which could come into play during 2014.

This is not the first time that the US and Panama have worked together in relation to tax evasion accusations, with a tax information exchange agreement signed in 2010, but an arrangement with the US, taking in the Foreign Account Tax Compliance Act (FATCA) would be a major step forward. [click to continue…]

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