Looks like Panama will be clamping down on tax cheats to, as they are short on taxes.... I wonder if they to will start taxing offshore income to before long....

Also looks like Panama will be increasing taxes shortly, soon there will be no tax advantage to being in Panama anymore?

So many things changing so fast....

"The Ministry of Finance has announced that in order to be able to collect taxes from so many who evade they will need to hire and train more auditors.

In another article the head of MEF stated that the people in Latin Countries are notorious for not paying taxes and that it is a cultural issue that needs to be changed. I would say it is a universal issue.

Nobody likes to pay taxes, especially when you see so much waste and corruption. If the state can get its house in order and start to provide real services to the people, there may be more a willingness to pay into the system.

As long as it stays the way it is, they will have to do a lot more than add 250 auditors in order to make ends meet."

Panama Investor Blog: Tax auditors to increase from 24 to 300.


Property taxes may go up, and more auditors here to...


http://primapanama.blogs.com/_panama..._devel/page/2/



Yet the same time Panama government debt to go up...

Debt level will probably increase under new administration


http://primapanama.blogs.com/_panama...istration.html