The European Union once again included Panama in the black list of tax havens along with other countries because it does not have a “broad compliance” rating from the Global Forum on Transparency and Information Exchange for tax purposes.
Erika Mouynes, Vice Minister of Multilateral Affairs and Cooperation of Panama, said that “since July 2019 to date no technical evaluation of the EU has been made to Panama.”
In 2018, Panama left the blacklist and promised to make changes in fiscal transparency.
In a statement, the Council of the European community indicated that the countries that are blacklisted in tax havens are Panama, the overseas British territory of the Cayman Islands, the Seychelles and Palau Islands, American Samoa, Fiji, Guam, Oman, Samoa, Trinidad and Tobago, Virgin Islands and Vanuatu.
Likewise, the Council pointed out that the list of “these countries or territories have not fulfilled, within the agreed period, the tax reforms to which they had committed themselves to the EU”
Source: Granma
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