Panama

Government at a Glance: Latin America and the Caribbean 2017 – Country notes

These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation.

Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Panama 2016 - Phase 2: Implementation of the Standard in Practice

Panama joins the Inclusive Framework on BEPS

Following the first meeting of the Inclusive Framework on BEPS in Kyoto, Japan, on 30 June-1 July and the regional meeting for Latin America and the Caribbean held in Montevideo, Uruguay, on 21-23 September, more countries and jurisdictions are joining the framework. On 28 October, the Inclusive Framework on BEPS welcomed Panama as its 87th member.

Empowering the 40% of young Latin Americans not in formal jobs, education or training could spark new growth engines, says latest Latin American Economic Outlook

Latin America and the Caribbean’s (LAC) GDP will shrink by between 0.9% and 1% in 2016, according to the latest estimates, the second consecutive year of negative growth and a rate of contraction the region has not seen since the early 1980s. According to the Latin American Economic Outlook 2017, the region should recover in 2017, but with modest GDP growth of between 1.5% and 2%, below expected growth in advanced economies.

Panama joins international efforts against tax evasion and avoidance

Panama signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 105th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. The signing shows that Panama is now implementing its commitment to fully cooperate with the international community on transparency.

Panama decides to sign multilateral tax information sharing convention

The OECD welcomes Panama’s decision to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, which was formally communicated to the OECD in a letter from its Vice President and announced publicly on Friday 15 July 2016.

Bahrein, Líbano, Nauru, Panamá y Vanuatu se comprometen con la norma internacional sobre intercambio automático de información de cuentas financieras para luchar contra la evasión y la elusión fiscal

La OCDE y el Foro Global sobre la Transparencia e Intercambio de Información con Fines Fiscales han anunciado hoy que Bahrein, Líbano, Nauru, Panamá y Vanuatu han asumido el compromiso de intercambiar automáticamente información de cuentas financieras con otros países.

Tax administrations ready to act on “Panama Papers”

Government officials from around the world have called on the OECD to convene a special project meeting of the Joint International Tax Shelter Information and Collaboration (JITSIC) Network to explore possibilities of co-operation and information-sharing, identify tax compliance risks and agree collaborative action, in light of the “Panama Papers” revelations.

Statement from OECD Secretary-General Angel Gurría on the “Panama Papers”

The “Panama Papers” revelations have shone the light on Panama’s culture and practice of secrecy. Panama is the last major holdout that continues to allow funds to be hidden offshore from tax and law enforcement authorities

Innovation Policy in Panama - Design, Implementation and Evaluation