Panama's finance minister in Paris over tax spat

Panama's finance minister faced demands from his French counterpart in Paris on Monday for "total transparency" following a diplomatic standoff triggered by a data leak at a Panamanian law firm specializing in setting up offshore firms.

French Finance Minister Michel Sapin said in a statement that he had told Finance Minister Dulcidio de la Guardia that Panama must share any information requested by the French government, including about offshore shell companies.

Source: Reuters