This story is fictional, but could be perfectly real. Company "A" needs to redesign its website to be more competitive in its market. Hiring a professional group in its country will be a costly process. So it decides to approach Banana00.com’s freelance market and posts an ad requesting the service there. Soon the company executives start receiving proposals from all over the world. Web designers and programmers join the auction…
Anonymous bank accounts have been positioned as a possible alternative for increasing anonymity in financial operations and thus diminish the pressure that governments exercise through taxes; without a doubt, experts in anonymous bank accounts remind us that said anonymity is never complete, but certain laws that are in vigor, especially in offshore jurisdictions, protect personal data; however, in case a legal order is produced for a presumed misuse of the…
The Panama Diamond Exchange (BDP) was officially presented on March 18 in the Panamanian capital, the first in Latin America, and will begin operations at the end of 2014; it is expected that billions of dollars will go through the Exchange every year and will create some 10,000 jobs, directly and indirectly. The project, with 200 million dollars invested I the infrastructure, will develop a well-organized, regulated diamond trade, both…
Many in the world believe that the bank secret no longer exists in the United States and that the financial institutions share their clients’ personal information with the Government; however, a recent report by the Tax Justice Network shows the United States appears in third place, led only by Switzerland and Hong Kong, among the countries that most respect the bank secret.Three years ago, this same report placed the United…
The times when foreign bank accounts were protected by banking secrecy, above all in offshore jurisdictions, can be considered officially over. Those who resorted to this tax engineering tool now know that their personal information can be exposed, because the banks are becoming increasingly fearful and faced with increasing requests from State governments, they share their clients’ personal information. E-wallets are replacing foreign bank accounts.So, what went on before? Faced…
Alarms are ringing on every side after the leaks in WhatsApp’s new confidentiality policy, which allows it to share its users’ data with other businesses in it group; in addition, this is combined with an investigation of the computer company InTheCyber in which they confirmed that any person, even without high technical knowledge, can exploit a weakness in WhatsApp and Telegram to access everything sent and received on these services.…
Important changes in the Panama’s offshore legislation have been implemented with the adoption of Law 52 of 2016, which establishes the obligation to keep accounting records for those legal persons that do not conduct transactions that are perfected, consummated or have its effects within the Republic of Panama.   This new regulation is now in full force; therefore, it is important to read carefully and that all clients send us…
These are very low tax-laden jurisdictions, with very friendly tax regimes for those who decides to put their money in the banks. For pensioners and those who manages large fortunes, tax havens are very attractive places, because they allow them to carry out legal operations that affects a lower tax burden. But the map of tax havens, product of the pressure, is changing and more and more the jurisdictions that…
Page 3 of 3
S
U
P
P
O
R
T