Panama, Japan aim to exchange tax-related information

April 20, 2016 3:21 PM

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Panama, Japan aim to exchange tax-related information

TOKYO Panama and Japan agreed on an early start of talks aimed at creating a bilateral framework for exchanging taxation-related information, Panamanian President Juan Carlos Varela and Japanese Prime Minister Shinzo Abe said on Wednesday.

The announcement comes after the leak of thousands of confidential documents from a Panamanian law firm earlier this month highlighted Panama's failure to cooperate in international efforts to clamp down on tax evasion by the rich and powerful.

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