Looking for a specific product?

Make a search for products & suppliers, articles & news.

Tax agreement with Panama

The Nordic countries have signed yet another information exchange agreement with an off-shore financial centre, this time with Panama.

The latest success for the Nordic campaign to curb international tax evasion is an agreement reached this week between Panama on the one hand and Sweden, Denmark, Norway, Finland, Iceland, Greenland and the Faroe Islands on the other.

Since 2007, a unique Nordic project has resulted in a whole series of agreements with so-called offshore financial centres. The agreement with Panama is the 39th in the series, which provides the Nordic countries with insight into who has been evading tax. The total amount involved runs into billions.

For constitutional reasons the treaties are bilateral and have to be processed by the national parliaments. Once this has been done, it will no longer be possible to move hidden assets and money to Panama. The Nordic countries will also be able ask for information about assets belonging to Nordic companies and private individuals. The agreement was signed on 12 November 2012 at a ceremony in the Panamanian embassy in London.

Related news

Latest news

Over 45,000 businesses risk EU energy fines for non-compliance

The previous compliance date of 5th December 2015,

“An Incredibly reliable net cleaning system”

Our predator nets are prone to fouling with scallops and mussels,

“An Incredibly reliable net cleaning system”

Good knowledge enables the customer to get the most out of the product. 

DNV GL initiates energy storage standard for Australia

DNV GL will lead the project and prepare a draft proposal for the standard,

Kvale acts for foreign ship owners in a direct action case

The case is against a Norwegian P&I underwriter and the alleged tortfeasor following a collision in the Singapore strait. Recently, the Supreme Court rendered a verdict on the issue of whether Norwegian courts hav...

Kvale recognized by IAM Patent 1000 2018

Kvale's IP-team receives great review from IAM Patent 1000 "The world's leading patent professionals 2018". 

Positive winds at the SeaWork International trade fair

- This is the place to be,

DNV GL and Brodosplit sign class contract for Quark polar expedition vessel

Quark has a long history of civilian polar exploration.

Elkem sustainability magazine 2017 and GRI report for 2017 is ready

Corporate social responsibility is one of the building...