Panama to Tax Shell Companies Used by Wealthy With 15% Levy
This article is a summary of reporting by Bloomberg. Originally published June 1, 2026.
Panamanian lawmakers have advanced measures targeting shell companies utilized by wealthy individuals to stash offshore assets. The initiative imposes a 15% levy on profits earned abroad to bring the jurisdiction closer to global tax compliance standards. This step reflects broader regulatory pressure on Panama to dismantle long-standing financial loopholes and shed its reputation as an uncooperative offshore tax haven.
AI Summary
Panama lawmakers are implementing a 15% tax levy on shell companies used by wealthy foreigners to hold offshore profits.
More in Business
First female administrator in the Panama Canal's history takes the helm
Naval engineer Ilya Espino de Marotta has assumed leadership of the Panama Canal, becoming the first woman to lead the interoceanic waterway's adminis
Panama canal daily transit could drop further to 27, administrator tells FT
The Panama Canal administration warned that daily ship transits could decrease to 27 vessels if water scarcity continues.
Panama Canal considering more cuts in transits due to El Nino
The Panama Canal Authority is weighing additional reductions in daily vessel transits in response to climate pressures and El Niño conditions.
Tocumen Just Put a $306.75 Million Expansion Out to Bid, and the Envelopes Open September 28
Tocumen Airport has tendered a $306.75 million expansion project as it cements its standing among Latin America's top regional megahubs.
Panama Positions Fintech for Global Trade as Economy Hits $102B in 2026
Panama's fintech sector is evolving beyond basic financial inclusion to serve cross-border trade, international banking, and maritime supply chains.
Panama Retirement Visa: The Ultimate Guide to the Pensionado Program
A review of Panama's Pensionado visa examines key relocation incentives, utility discounts, and premier expat communities such as Boquete and Coronado