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Panama Signs Yet Another Taxation Agreement

Article Summary:

Panama and Israel signed a treaty to avoid double taxation, as part of the first session of political consultations between the two countries.

Photo Credit: Embassies

Original Article Text From Captial Panama via Google Translate:

Panama and Israel Sign Double Taxation Agreement

Panama and Israel signed a treaty to avoid double taxation, as part of the first session of political consultations between the two countries, with the aim of strengthening bilateral relations and encourage investment flows in both directions.

The signature agreement was led by Deputy Foreign Minister of Panama, Francisco Alvarez De Soto and his Israeli counterpart, Daniel Ayalon, and also part of Panama’s strategy to exit from a list of tax havens by the Organization for Economic Cooperation and Development (OECD).
Alvarez de Soto, Panama expressed interest to continue sharing experiences with Israel to secure the historic technical cooperation between the two countries, in sectors such as agribusiness, culture and science and technology.

“Holding this important meeting and the signing of a treaty to avoid double taxation, reaffirm the close ties between Israel and Panama, and surely encourage investment flows both ways, “the Panamanian diplomat.
Meanwhile, Deputy Minister Ayalon expressed his pleased with this agreement and said his country is available to strengthen the ties between the countries in various fields.

Among the countries that up to date Panama has signed agreements to avoid double taxation include Mexico, Spain, Qatar, Ireland and France.

Link to Original Article:

From Capital Panama

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