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Today’s Top Headlines




Panama Seeks Removal From French Tax Blacklist

by Mike Godfrey, Tax-News.com, Washington

11 January 2017

Panama is to meet with French authorities next week to negotiate its removal from France's blacklist of non-cooperative territories.

France placed Panama on its blacklist after the Panama leaks affair. In November, the French Government launched hundreds of investigations into the tax affairs of French citizens in response to information revealed in the Panama Papers leak.

Panama's Foreign Affairs Ministry said at the beginning of the month that it had engaged with French officials on starting talks on a road map towards its exclusion from the list. The Ministry said: "Panama has repeatedly requested the French authorities to exclude the list of states and non-cooperative territories in tax matters, in order to work together to overcome the recent tensions that have arisen. In this sense, the country considers the proposal by the French Government as constructive and a first step to restore mutual confidence to the levels that have always characterized the relationship between the two countries."

TAGS: Finance | tax | offshore | France | standards | Panama

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