A decision that goes wrong. The President of Panama said Friday that the decision by France to re-register after the revelation of the scandal “Panama papers”, his country on the list of tax havens is “wrong”.
“I want to make it clear that the decision taken by the French Government is incorrect measurement and unnecessary, even at a time when there is communication between the two leaders and where the world demand multilateral cooperation of all countries to tackle global problems, “said Juan Carlos Varela told reporters.
“Panama reaffirms its commitment to transparency and, above all, to continue to fight with all countries to achieve through cooperation and diplomacy, the desired results,” added the head of the Panamanian State.
Removed from the list in 2012
The statements of Juan Carlos Varela came after the announcement of the France, Friday, Panama’s re-registration on its list of tax havens, arguing that the state still does not transmit the information necessary for the application of the legislation.
The France had withdrawn the Panama from its list of non-cooperative countries on 1 January 2012, following the signing of an agreement with the Panamanian authorities on the fight against tax evasion. The decision of the French government to reinstate Panama from tax havens to take effect in January 2017.
No retaliation against France
The investigation of “Panama Papers”, made by a consortium of international journalists on the basis of the law firm files Panamanian Mossack Fonseca, has uncovered a vast scandal of fraud and tax exile transiting Panamanian companies and involving senior politicians, athletes or billionaires.
President Varela ruled out for the moment the adoption by the Panama retaliatory measures against France following Friday’s decision. The dialogue has he said, “is the first mechanism that should be used and which we must exhaust all the resources.”
The head of state assured that Panama “will proceed” in the exchange of information provided with the thirty countries with which it has treaties to prevent double taxation. But he warned it would not allow his government treats these bilateral issues “any form of pressure.”
The president announced the visit next Tuesday in Paris the Panamanian Minister of Economy and Finance, Dulcidio Guardia, which must have a Panamanian position “dignified, respectful and open dialogue” and ensure that “the way that Panama has chosen, that of the fight for transparency in the country, the region and the world, is an irreversible path.”
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