France puts Panama back on tax haven blacklist

France will put Panama back on its blacklist of uncooperative tax jurisdictions, its finance minister said on Tuesday after media revelations about a Panamanian law firm specialised in setting up offshore firms. "Panama is a country that wanted us to believe that it could respect the main international tax principles and thus it was taken off the tax haven blacklist," Michel Sapin told lawmakers during question time in parliament. "France has decided to add Panama back on the list of uncooperative countries with all of the consequences that that will have for those who have dealings with Panama," he added.
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