Panama Papers dents new Panama incorporations, seen down 20 percent
The number of new companies incorporated in Panama is on track to drop around 20 percent this year following the massive leak of offshore financial data known as the Panama Papers, the government said on Thursday.
Finance Minister Dulcidio De La Guardia told an investment forum that new openings of companies in Panama had been falling by about 7.5 percent per year since 2008, before accelerating this year after the Panama Papers scandal.
"If the current trend continues, the portfolio of companies incorporated in Panama is going to drop by about 20 percent this year," De La Guardia... read more
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