Tax

...businessman was sworn in July 2, says chief U.S. trade negotiator Ron Kirk. Obama co-sponsored legislation to crack down on tax havens while still a U.S. senator. A buzz saw When the U.S. and Panama reached a trade agreement on June 28,...

In this article: Panama, United States, Alberto Vallarino, Washington, and Louise Slaughter

...of the vote were not immediately released. Martinelli, 57, inherits a slowing economy and a free-trade agreement stalled in the U.S. Congress on concerns about Panama's tax and labor laws. Going into the election Martinelli, of the...

In this article: Ricardo Martinelli, Panama, Balbina Herrera, Panama City, Martin Torrijos, Unemployment, God, and Democratic Revolutionary Party

...create jobs if he wins. Martinelli said on Friday he wanted to impose a flat tax of between 10 or 20 percent, raising tax rates on the banking and insurance sectors but lowering them for small-business owners. His self-financed campaign...

In this article: Balbina Herrera, Ricardo Martinelli, Panama, U.S., Panama City, Inflation, Manuel Noriega, Reuters, Latin America, and Bread

...Kong has, nevertheless, a flat profit tax regime. These are countries where concrete flat tax proposals are currently being considered by influential politicians or political parties. During the 2008 - 2009 political campaign,...

In this article: Revenue, IRS, United States, Dick Armey, Gross income, Peanut butter, and Economics

...Herrera, who also supported free trade and foreign investment. He did say, however, that he would simplify the tax code by imposing a flat tax of between 10 and 20 percent. Martinelli is a self-made businessman and the former minister of...

In this article: Ricardo Martinelli, Panama, Panama City, and Balbina Herrera

...authorities. In a little publicised move, Panama's Revenue Office circulated a series of opinions which stated that the recent tax reform has abolished all VAT exemptions and special treatment given prior to February 2005. President...

In this article: Panama, Panama Canal, United States, Revenue, Latin America, Panama City, Banana, Inflation, and World Trade Organization

...are going through." President Ricardo Martinelli took office in July on plans to boost government spending but the global recession is seen hurting tax receipts in a country that already has a narrow collecting base. Ferrari said the free...

In this article: Panama, Ricardo Martinelli, and Panama Canal

...tax evasion and needs tougher labor rights standards. "The perception that Panama is a tax haven is totally false," Frank De Lima, Martinelli's top economic adviser told Reuters. De Lima said the new government will be open to sharing...

In this article: Panama, Ricardo Martinelli, United States, Fitch, Martin Torrijos, and Barack Obama

...percent flat tax. A coalition of conservative parties that backed Martinelli in the election won a majority of congressional seats on Sunday, which should help the new administration push through tax and spending plans. Martinelli has...

In this article: Panama, Ricardo Martinelli, United States, Fitch, Martin Torrijos, Sander Levin, and Barack Obama