Several U.S. advocacy groups are climbing on the band wagon to try force Panama to become more compliant in their tax information exchange. The have names such as "Tax Justice Network" and "Public Citizen", names which would indicate they are advocates for freedom. What they really have in mind is enslavement of the populace by eliminating any option one might have to protect his/her wealth from the greedy politicians and tort lawyers who support them. They are really working for the state under the guise of working in your best interest!
The Tax Justice Network is an organization that is closely aligned with the anti-tax haven ideals of the OECD except they see the OECD as hypocritical due the the fact that several member countries are the largest tax havens in the world with the U.S. and Great Britain leading the way. They want tax justice for the state, certainly not for the individual. They don't like tax competition and firmly believe that taxes should be universal and high. Here is how they see themselves: The Tax Justice Network (TJN) is an international, non-aligned coalition of researchers and activists with a shared concern about the harmful impacts of tax avoidance, tax competition and tax havens. www.taxjustice.net
Now they have focus on Panama because of the possible trade agreement with the U.S..
Here is an excerpt from their story; “While some offshore jurisdictions around the world have said they will no longer use bank secrecy to help tax cheats, Panama apparently still refuses to negotiate a tax information exchange agreement with the United States. We should not reward Panama with a free trade agreement unless and until it agrees to disclose information on U.S. tax dodgers,” said Sen. Levin."
Public Citizen has also come out with an attack on Panama with this supposed report titled "Panama FTA Would Undermine U.S. Efforts to Stop Offshore Tax-Haven Abuse and Regulate Risky Financial Conduct " You can download this PDF report here.
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