Nick Shaxson ■ Quote of the day: Panama
A quote about the tax haven of Panama:
“The country is filled with dishonest lawyers, dishonest bankers, dishonest company formation agents and dishonest companies. The Free Trade Zone is the black hole through which Panama has become one of the filthiest money laundering sinks in the world.”
– An anonymous U.S. customs official, quoted in Jeffrey Robinson’s book The Sink
They deny being a tax haven, of course: tax havens always do. But if you’re in any doubt, here’s a useful laundry list of the kinds of stuff that Panama is up to.
More on this filthy subject fairly soon.
Related articles
The fiscal social contract and the human rights economy
29 April 2024
The IMF’s paper on opaque bank ownership is fully aligned with our beneficial ownership policies
🔴Live: UN tax negotiations – First Session
What to know and expect ahead of this week’s UN tax negotiations
The secrecy enablers strike back: weaponising privacy against transparency
Privacy-Washing & Beneficial Ownership Transparency
26 March 2024