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Colombia and Panama in offshore finance talks

Thursday, April 14, 2016


Colombia and Panama will hold new negotiations on tax information-sharing this week to combat fraud and money laundering, Colombian Finance Minister Mauricio Cardenas said, amid revelations by the Panama Papers about secretive offshore finance.

The neighboring countries have been holding the talks since 2014, as Colombia steps up its fight against tax evasion, and were meant to reach a final agreement last year.


Source: Reuters