France Approves Double Taxation Agreement With Panama

France approves double taxation agreement with Panama
The French government approved a bill to formalize the double taxation agreement with Panama.
Wednesday November 30, 2011

inShare.0 The French government statement issued after the Council of Ministers says, "The French government today approved the bill to formalize the agreement on double taxation with Panama, whose final adoption should be allowed to leave the Central American country from the list French tax havens. "

"... The bilateral agreement will prevent double taxation and" better combat tax evasion and fraud between the two countries. "

... the lens with the most efficient control is twofold, the first 'increase the potential for cross-investments between France and Panama' through 'a legal framework that seeks to eliminate the sources of legal uncertainty for individuals and corporations operating in the two territories '. The second is a legal framework 'that enables an effective exchange of information, particularly with the lifting of bank secrecy possible.' ", Reported Prensa.com

Source: Prensa.com