Panamanian Vice President and Foreign Minister Juan Carlos Varela has flown to Europe to sign double taxation treaties with Portugal, Italy, Spain, France, and Luxembourg.
All the agreements envisage the inclusion of a tax information exchange protocol for Panama to conform with Organization for Economic Cooperation and Development guidelines on tax administration.
Panama has recently signed agreements to avoid double taxation with Mexico and Barbados and completed negotiations with Italy, Belgium, the Netherlands, Spain, France, Qatar, Luxembourg, Korea and Singapore as part of its 'National Strategy for the Promotion of International and Financial Services'.
A comprehensive report in our Intelligence Report series, examining in depth the situation of offshore transparency and secrecy in a number of the most prominent jurisdictions, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report2.aspTags: tax | agreements | Organisation for Economic Co-operation and Development (OECD) | tax information exchange agreement (TIEA) | double tax agreement (DTA) | tax compliance | Barbados | Belgium | France | Italy | Luxembourg | Mexico | Netherlands | Panama | Portugal | Qatar | Singapore | Spain | compliance | standards | Panama | Mexico | Italy | Portugal | Spain | France | Singapore | Netherlands | Luxembourg | Organisation for Economic Co-operation and Development (OECD)
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