Panama is Now Officially a “Tax Haven” from Colombia’s Perspective

PANAMA - Report 10 Oct 2014 by Marco Fernandez and Guillermo Chapman
On October 7, the Santos Administration included Panama in the list of “fiscal paradises” (in the company of Barbados, UAE, Kuwait and Qatar) because the Martinelli administration and now the Varela Government have not signed the exchange of information agreement between Colombia and Panama. Colombian officials Mauricio Cardenas (Minister of Finance) and Santiago Rojas (of the tax agency, DIAN) explained that this situation could be reverted once Panama signs the agreement. This news turned on the economic alarms. From left to right, even in former President Martinelli twitters, the consens...

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