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| Lowtax Network Sites |
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'Low-tax' business and investment in the top 50 jurisdictions covered in
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| TreatyPro: Online
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| Panama Ratifies Barbados Tax Agreement |
by Mike Godfrey, Tax-News.com, Washington
Thursday, August 12, 2010
The Panamanian government announced the ratification of three cooperation
agreements on August 10.
Among the agreements ratified was a convention for the avoidance of double
taxation and fiscal evasion with respect to taxes on income with Barbados, signed in Bridgetown on June 21, 2010.
The text will assign the taxing rights of the respective
countries, ensuring that entities are not taxed twice when undertaking trade
or investment between the two jurisdictions.
The two other agreements concluded were with Honduras for cultural and educational
cooperation, and with Korea for scientific and cultural cooperation.
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