07 November 2011

PANAMA / FRANCE: Sarkozy's Tax Haven Slur Upsets Panama.


     “Panama is not a tax haven,” said Panama's President Ricardo Martinelli.
      He was reacting to French President Nicolas Sarkozy's recent comments labelling Panama as a tax haven.
      Closing the G-20...Sarkozy listed 11 countries with failing transparency standards... including Panama, Uruguay and Switzerland.
      He warned that those nations would be ”shunned by the international community.“
     ”I assume this must have been a mistake and I hope that in the coming days, when his ministers teach him that Panama does not meet all the requirements for being a tax haven, that he (Sarkozy) corrects himself immediately,“ said Martinelli.