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Panama and Costa Rica removed from the OECD gray list on tax havens

Thursday, July 7, 2011

The Organization for Economic Cooperation and Development no longer considers Panama to be a nation that fails to meet international standards on prevention of money-laundering.

One day earlier, Costa Rica was also removed from the “gray list” of tax havens.

In order to be removed from the list, Panama signed tax information accords with several countries, including the United States, Mexico and Portugla.

Original source (in Spanish): Efe