Panama Pushes Treasury To Accept Double Tax Agreement

Panama's chief trade negotiator said Oct. 15 that Panama is in talks with the U.S. Treasury Department to determine whether negotiating a double taxation treaty (DTT) with the U.S. would address U.S. problems with tax information, which have held up Congressional consideration of the Panama free trade agreement. However, since the U.S. has signaled it is unwilling to agree to a DTT, instead of a more stringent tax information exchange agreement (TIEA), there appears little hope of movement soon on...