|The candidates debate; Arias is at center|
If all the expats who take advantage of Panama's tax exemption for profits earned outside the Republic were to pack their bags (including their bank accounts) and leave, Panama would not only be plunged into depression, with unemployment quickly rising, but dirty money would find another tax haven to do business. Do you have clients who are invested in Panama ? What are they to do, I wonder ?
Is this really going to happen ? Just the threat of across-the-board taxation is enough to fill the outbound Copa flights. We will be monitoring the situation as we get closer to the election; pay attention.