Panama Taxes Wealthy Shell Companies to Escape EU Blacklist

PANAMA · BUSINESS Key Facts —The new tax: Panama’s National Assembly approved a 15% tax on foreign passive income for companies that cannot show real economic activity in the country. —Unanimous and fast: Bill 641 passed its third debate on May 27 with 70 votes, clearing the legislature in about three weeks. —The goal: To […] The post Panama Taxes Wealthy Shell Companies to Escape EU Blacklist appeared first on The Rio Times .