Panama- The Government of Panama will supervise to whatentities and subjects mentioned in the Pandora Papers, a new journalistic investigation international upon supposed concealment from money and laundering, which has returned to have as hero a Panamanian law firm.
In a statement, Executive chaired by Laurentino Cortizo assured that he works “in a cohesive and inter-institutional way, determined to counteract the negative repercussions of any tangential or conjunctural scandal in which they want to involve the country.”
a office Panamanian, Alcogal, it’s again hero in a international journalistic investigation in which it is branded as “a magnet for the rich and powerful … who seek to hide wealth abroad”, including three former presidents of Panama, the current president of Ecuador or the king of jordan.
The Panamanian government said through the Ministry of Foreign Affairs has informed the management team from ICIJ what nexte “their publications with attention and that they should avoid references without informative justification associated with the country.”
Panama still suffers the hurt to its reputation for Panama Papers, pioneering research ICIJ. This leakage of 11.5 million from documents from the Panamanian office Mossack Fonseca on April 2016 revealed that personalities of all the world hired the services of that office, now extinct, for create offshore companies presumably for Evade taxes.
The Panamanian Executive indicated this Sunday that the Superintendence from Non-Financial Subjects “It will do the immediate supervision of the obligated subjects of our jurisdiction mentioned in the publication, as part of our timely response, for the protection of the image and reputation of the country.”
“And the General Directorate of Income (DGI) will start the audit processes to the natural contributors y/o legal in the Republic of Panama indicated by the same publication and will attend the exchange of information with the aforementioned jurisdictions “.
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The Government recalled that Panama has signed agreements from International cooperation such as the Multilateral Competent Authority Agreement (MCAA), the Multilateral Convention to Implement Measures Related to the Tax Treaty to prevent base erosion and the transfer of benefits (MLI), and Mutual Administrative Assistance in Tax Matters (MAC).
Too a implemented the draft from Organization for Cooperation and the Economic development (OECD) on Base Erosion and Benefit Transfers (BEPS) to address tax evasion, improve consistency of international tax rules and to guarantee a fiscal environment international more transparent and competitive.
He added that as a result of the continuous work that we are doing, in a single year, due to breach of Panamanian regulation, they suspended more of the 50 % of the 762,709 registered legal entities at Public Registryor, we promote the supervision constant of performance of the resident agents and signatures of local lawyers, and we comply with the information exchange prosecutor with 66 countries through DGI “added.
“It is our duty to defend the interests of the nation and fight so that the name of the country is not associated with activities that we repudiate and that we fight with the law,” said President Cortizo in the statement.
German, Lamb, Galindo & Lee (Alcogal) rated this sunday like “guesses, inaccuracies and falsehoods” the journalistic report published this Sunday by ICIJ and its associated media around the world.