Wednesday 23 June 2021

Italy approves double-taxation treaty with Panama



TODAY PANAMA – The Italian Parliament approved Tuesday a double taxation treaty that was signed with Panama at the beginning of 2010 and which had been ratified by the Panamanian National Assembly in December of that same year.

- Advertisement -

The treaty will go to the senate for final approval.

“We are particularly proud to approve this agreement with Panama because it helps us to better combat tax evasion,” said legislator Fabio Porta.

Porta said the ratification process had been delayed due to difficulties in diplomatic relations between the two countries, something that he said is not uncommon.

“Unfortunately, these agreements do not always reach parliament in a timely manner,” he said, noting that deals from as far back as 2009 are still waiting approval.

- Advertisement -

The treaty became a priority due to the publication of information about alleged cases of tax evasion contained within the files of the law firm Mossack Fonseca. Those files were made public by the International Consortium of Investigative Journalists.

“There has been a prioritization in the discussion related to the revelations concerning Mossack Fonseca,” the legislator said.

The data included the former president of Ferrari, Luca di Montezemolo, and former Senator Marcello Dell’Utri, who is serving a prison sentence for his ties to the mafia.

Panama ambassador to Italy Fernando Berguido stated that the signing of the treaty represents an example of the “cooperation between the two countries in the fight against crime.”

He added that the treaty is an example “of the commitments made by this administration to adopt new standards of transparency.”

Source: La Prensa

- Advertisement -

Article originally appeared at Today Panama. Click here to go there!

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Today’s Covid News: Average daily deaths from Covid-19 begins to decline

QCOSTARICA - The week of June 13 to 19 registered a...

Flight paralysis from Canada hits Costa Rica’s tourism

QCOSTARICA - The paralysis of flights from Canada last January hit...


Tourism sector depends on political will for recovery

QCOSTARICA - The future of tourism operators in Costa Rica depends on the political will to approve a package of bills that favors the...

Internet speed decreases during peaks in service

QCOSTARICA - Ever wonder why your surfing on the Internet slows down, to even a crawl, mainly in the evenings? This is due to...

New trends in coffee consumption challenge sector

QCOSTARICA - Changes in consumption habits in terms of times, types of preparation and specialties challenge the coffee sector. Most of the consumers in Costa...

OIJ investigation into road works corruption leads to inquiries in Panama

QCOSTARICA - The prestige of the company of some of the richest men in Costa Rica hangs by a thread. For many, the MECO...

Vaccination commission endorses J & J vaccine, says no to Sinovac

QCOSTARICA - The Comisión Nacional de Vacunación y Epidemiología (CNVE)  - National Vaccination and Epidemiology Commission - endorsed the use of Johnson and Johnson...

Today’s Vehicle Restriction June 22: plates ending in 3 & 4 CANNOT circulate

Today, Tuesday, June 22, plates ending in 3 & 4 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Today’s Vehicle Restriction June 23: plates ending in 5 & 6 CANNOT circulate

Today, Wednesday, June 23, plates ending in 5 & 6 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Companies covered up defective asphalt

QCOSTARICA - The judicial file of the Cochinilla Case, on alleged corruption in road works, exposes how three companies would have covered up the...

The United States will distribute 55 million vaccines against Covid-19 in Latin America, Africa and Asia

QCOSTARICA - The United States presented on Monday a plan to share 55 million doses of coronavirus vaccines worldwide, with approximately 75% of the...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Article originally appeared at Today Panama. Click here to go there!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.