Since the beginning of the 21st century, Panama has exhibited remarkable economic growth and has reduced the gap in terms of income per capita with high-income countries. Social progress has also been achieved, mainly through the reduction of poverty and advances in some well-being dimensions. However, challenges remain with regard to overcoming the so-called middle-income trap and consolidating the middle-class. This first volume of the Multi-dimensional Country Review of Panama identifies the main barriers to further inclusive development. It highlights that promoting equitable, inclusive and sustainable economic growth and improving the well-being of all citizens should be at the core of Panama’s development strategies.
Panamá puede beneficiarse de poner en marcha nuevos motores de crecimiento y de invertir más y mejor en políticas sociales y de desarrollo territorial para promover un crecimiento más sostenible e inclusivo, según el Estudio Multidimensional de País de Panamá.
Panama stands to benefit from unlocking new drivers for growth and from investing more and better in social policy and territorial development to make growth more sustainable and inclusive, according to the OECD Multi-dimensional Country Review of Panama released today on the occasion of a joint event hosted by the Panama’s Ministries of Foreign Affairs and Economy and Finance in Panama City and the OECD Development Centre.
These ready-made tables and charts provide for snapshot of aid (Official Development Assistance) for all DAC Members as well as recipient countries and territories. Summary reports by regions (Africa, America, Asia, Europe, Oceania) and the world are also available.
These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation.
This report contains the 2014 “Phase 2: Implementation of the Standards in Practice” Global Forum review of Panama.
The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 130 jurisdictions which participate in the work of the Global Forum on an equal footing.
The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes. These standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention.
The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. “Fishing expeditions” are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard.
All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed. This process is undertaken in two phases. Phase 1 reviews assess the quality of a jurisdiction’s legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework. Some Global Forum members are undergoing combined – Phase 1 plus Phase 2 – reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes.
À la suite de la réunion inaugurale du Cadre inclusif sur BEPS à Kyoto, au Japon, du 30 juin au 1 juillet, et de la réunion régionale pour l'Amérique latine et les Caraïbes, qui s’est tenue à Montevideo, en Uruguay, du 21 au 23 septembre, plusieurs pays et juridictions rejoignent le Cadre. Le Panama a formellement adhéré au Cadre Inclusif, portant à 87 le nombre de ses membres.
Le Panama a signé aujourd’hui la Convention multilatérale concernant l'assistance administrative mutuelle en matière fiscale, devenant ainsi la 105e juridiction à participer à l’instrument multilatéral le plus puissant au service de la transparence et de la lutte contre la fraude fiscale internationale.
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.
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.