Panama will continue to provide assistance in tax matters – FAZ – Frankfurter Allgemeine Zeitung

Soon’s assistance from Panama: the city

After the scandal around the” Panama Papers “the Central American country wants to share its tax information with other countries. Panama wanted to join the Convention on Mutual Administrative Assistance in Tax Matters of the industrialized countries organization OECD, said the Foreign Ministry.

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assistance in tax matters: Panama wants tax information with other countries sharing

on request Panama will provide the authorities of other countries in the future control data. The automatic exchange of data remain limited to those countries with which Panama has concluded bilateral agreements.

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early April had numerous media reports about 200,000 founded by the Panamanian law firm Mossack Fonseca letterbox companies. Politicians, celebrities and athletes should have parked their money in offshore companies. The publication of the “Panama Papers” led to investigations around the world and an international debate on tax havens and money laundering.

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