Panama to strike back if France puts it on 'tax haven' list

Panama's Minister of the Presidency Alvaro Aleman speaks during a press conference about the Panama Papers revelations, in Panama City, on April 5, 2016Panama’s government said Tuesday it could hit back if France makes good on a decision to put the Central American nation back on a “tax haven” list following the “Panama Papers” revelations. “In Panama, there is a law that sets out retaliation measures against countries that include Panama in ‘gray lists’,” Alvaro Aleman, the minister for the presidency, equivalent to the post of prime minister, told a news conference. The government of Panama and the country’s vital financial services sector are panicking in the wake of the massive data leak from one of the country’s law firms, Mossack Fonseca.

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