Moderators Moderator_02 Posted April 20, 2018 Moderators Share Posted April 20, 2018 Quote Tax exemptions cost Panama $727 million Posted on April 19, 2018 in Panama Post Views: 196 PANAMA has the lowest rate of tax collection in relation to the GDP in Latin America and income tax exemptions for individuals and companies cost the State of $727 million in 2016, says Publio Cortés, general director of income. Thet sacrifice has increased in recent years, In the fiscal year 2014, the figure was $500 million. Cortés said told La Prensa that to reach the regional average of collection, he recommends reviewing the exemptions – about 110, according to a previous report by the Ministry of Economy and Finance- and fighting tax evasion with more tools. http://www.newsroompanama.com/news/panama/tax-exemptions-cost-panama-727-million Quote Link to comment Share on other sites More sharing options...
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