Panama is no tax haven, vice-president insists

Panama’s vice-president last week insisted her country is “not a tax haven” and claimed efforts to prevent scandals like the Panama Papers affair “go beyond just words”.

Isabel de Saint Malo de Alvarado said at the European Parliament that her country is adapting to a roadmap that promises “the highest standards of transparency and international cooperation in the exchange of tax information”.

She added that these measures have accelerated since the publication of the controversial Panama Papers, which the vice-president claimed “carries the name of the country but does not represent it”.

Source: Efe