Panama is working hard to dispel the perception of it as a tax haven. Catherine Snowdon talks to Alberto Vallarino, the country's minister of economy and finance, Frank De Lima, its vice minister of economy and Luis Eduardo Ocando, an international tax partner at Ernst & Young and adviser to the government on the strategy and negotiation of tax treaties.
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The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact
Rolling out the global minimum tax has increased complexity, according to Baker McKenzie; in other news, Donald Trump has announced a 25% tariff on countries doing business with Iran