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Panama Papers dents new incorporations 20 percent

Tuesday, October 4, 2016


The number of new companies incorporated in Panama is on track to drop around 20 percent this year following the massive leak of offshore financial data known as the Panama Papers.
 
Finance Minister Dulcidio De La Guardia said that new openings of companies in Panama had been falling by about 7.5 percent per year since 2008, before accelerating this year after the Panama Papers scandal.
 
Source: Reuters