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Panama stands for banking secrecy

04/15/09 12:29

While other countries like Switzerland have vowed to end the era of banking secrecy, a few countries such as Panama still take pride in its status as one of the remaining tax havens in the world.

Even some lending tax advisers reported that lawyers from Panama are asking them to highlight the country's status as one of the world's last tax havens. Will Panama eventually give up under the pressure?

Link: Panama holds out against campaign to end era of banking secrecy - Times Online

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