Panama May Sign Tax Accords to Avoid Sanctions, Official Says

September 8th, 2009


Panama will share tax information with at least 10 countries to prevent sanctions over banking secrecy laws, Finance Vice-Minister Frank De Lima said.

The Central American nation is close to signing accords with Spain and Mexico to exchange information, De Lima said in an interview. Switzerland, Belgium and Canada are also interested in signing similar treaties, he added.

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