Colombia and Panama will meet this week to advance tax information agreement

abril 25, 2016 12:20 pm Publicado por 6.180 Comentarios

PMC Group

Thursday April 28 will meet in a new round, the delegations of Colombia and Panama to finalize an agreement on financial and tax exchange to more effectively fight against tax evasion.

Finance Minister Mauricio Cardenas, said that this is part of the «fundamental objective of Colombia in its fight against tax evasion».

Cardenas reported that «28, that is next Thursday, we will have a round of high-level negotiations to try to close the outstanding issues related to the exchange of tax information.»

He said he spoke with his Panamanian counterpart, Dulcidio Guard to agree on the appointment, «waiting to resolve the issues that the technical teams were not able to close» in recent discussions on the subject.

The minister said that «Colombia has the option not to declare tax haven Panama long as there is exchange of information. That’s the goal and that’s what we try to avoid. «

«Historically, Colombians have made deposits in Panama. There is no problem in having assets or savings or investments in Panama. But it was time to regularize the situation and that all Colombians abroad have to be declared «he said.

In September 2014, Colombia included Panama on its list of tax havens, prompting a diplomatic and commercial impasse was settled after agreement is reached to sign a treaty for sharing financial information.


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