Panama Bank ListInformation about the Panama banking system
French banks will be losing Panama branch
The French based bank BNP, Paribas has announced officially to close the Panama branch by the year 2010 because they have found the panama in the list of tax havens. The economic corporation and development has recently produced the list of such countries. This was the decision made publically in the G-20 meeting that was organized last week where the leaders affirm the summit to fight against the tax havens. The BNP, Paribas has been serving in panama for almost last 57 years of performance. The bankers and the analytics found the other resources to consult this issue and doubted stated that the decision was on the pressure created due to economic corporation and development.
Frank De Lima, the economy minister convinced to find the real reasons for such an unbelievable reason that is going on with the banks. The restriction was based on the fact that said to the recent financial crisis.
De Lima stated that Panama is taking action to go as per the summit requirements made by economic corporation and development. He also said to launch the negotiation for the treaties to avoid the taxation from the members in the organization. The current members are Italy, Spain, Netherlands and Mexico and panama is trying every possibility to resolve this summit. He also met the French president in the U.N. earlier by this month but that does not seem to get successful.
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