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Fiscal advantages lure financial investments from Costa Rica to Panama

Monday, February 21, 2011

Panama has become a major international banking center on the basis of attractive incentives.

In the case of Costa Rica, investors pay less than 2 percent on six-month term deposits, then are hit by an 8 percent tax on the interest.

Meanwhile, in Panama, instruments that have the similar terms, pay almost 3 percent with interests that are free of any tax.

Original source (in Spanish): La República