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'Time is up' for tax evasion in Panama

Wednesday, January 23, 2019

"Time is up in order to pass the new law that would clamp down on the evasion of taxes," Isabel de Saint Malo, vice-president and Foreign minister, told Panamanian legislators.

Saint Malo was referring to a bill that makes gas evasion as a crime that merits jail sentences of up to five years.

The government of Panama has been warning for months that the country has to pass the bill in order to avoid returning to the "grey list" of the financial action group, GAFI.