Panama must exert diplomatic pressure against international blocs and organizations that keep us on discriminatory lists in fiscal matters, and do not do so, believes Maritza Cedeño, president of the National Bar Association (CNA).
In the opinion of lawyers, the country has many controls and governments continue to commit to changes that will not be possible or that involve modifying our international services, a sector that has been damaged.
“That’s what the office is for., so let’s talk again and see what suits us. We are a small country that provides many international services, but we cannot finish submerging that part of the country’s economy,” said the lawyer in an interview with Nex Noticias.
Cedeño cited as an example that Of the 750,000 corporations that existed, only 250,000 are now in force. which means an extraordinary loss for Panama.
And now, in accordance with the demands placed on us to remove ourselves from those lists, Requirements for resident agents are higherwhich is why the lawyers are forced to resign, because the sentences are extraordinary.
The President of the Bar Association added that it seems that They want to force Panama to change its tax system from local to global which would be a blow to the international services it offers.
“We have data, where the accounting records are kept, however, the banks provide data to the General Administration of Revenue about who their account holders are and from which country they are; Panama has tax exchanges with 71 countries What else do you want?“, asked the legal expert.
Cedeno announced They formed a team of professionals to see with the Government reforms in tax matters, as well as in accounting records that can be established.
“We propose alternatives to match the things we can fulfill,” he said.
About accounting recordsThe lawyers insist on the unenforceable obligation to provide all the information and suggest that the information can be provided under oath, so that any state that requests it can check it with the citizen they are interested in at a certain moment.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
