Panama agreed to adopt international standards of tax reporting – TASS

WASHINGTON, April 15. / Corr. Anton Eccentrics TASS /. The Government of Panama agreed to join the international system of automatic banking and tax data exchange. This was announced on Thursday the head of the Organization for Economic Cooperation and Development, Angel Gurria, speaking at a press conference in Washington, DC

“We have just received information that a few minutes ago, they did. (Government of Panama – approx corr.). stated commitment to common standards of tax reporting, “-. he stressed on the eve of the spring session of the governing bodies of the International Monetary Fund and the World Bank

the head of the OECD said that” this is very good news, “and welcomed the move. He also called the Panamanian government’s decision “a positive step” in a situation with “Panama documents.” Previously, Panama’s government actively opposed joining the international tax data exchange system.

The International Consortium for Investigative Journalism (ICIJ), based in Washington, DC, unveiled on April 3 this year, excerpts from 11.5 million documents on offshore accounts data owned, including a number of current and former world leaders. Reports, which was given the name “Panama documents”, based on leakage of information from the Panamanian company Mossack Fonseca, which provides legal assistance in the registration of companies in the offshore. Full archive of the company has not been published.