VOICED : Panama defiende su sistema financiero

The government of Panama launched a defense of its financial services following criticism from the Panama Papers leak. Vice Chancellor Luis Miguel Incapié suggested potential reforms to prevent misuse of Panama's financial platform. The leak exposed how a Panamanian law firm helped create offshore companies for tax evasion. The OECD criticized Panama for being a haven for hidden offshore wealth and for not cooperating on financial transparency. Panama refuted these claims, asserting compliance with requested measures and pointing out that its laws are similar to those in Europe and the U.S.

What action did the Panamanian government take in response to the Panama Papers leak?

• They ignored the criticism.

• They launched a defense of their financial services.

• They increased taxes.

• They closed all offshore accounts.

What did the Panama Papers leak reveal about a Panamanian law firm?

• It was involved in money laundering.

• It created offshore companies to help evade taxes.

• It was the largest law firm in Panama.

• It was a victim of cyber attacks.

How did the OECD describe Panama in relation to offshore wealth?

• As a minor player in offshore finance.

• As a leader in financial transparency.

• As a compliant country with international standards.

• As the last major haven for hiding offshore wealth.

What was Panama's reaction to the OECD's criticism?

• They claimed compliance with requested measures.

• They ignored the OECD's statements.

• They decided to shut down their financial services.

• They agreed with the OECD's assessment.

What did Panama accuse the OECD of ignoring?

• The financial practices of other jurisdictions.

• The economic impact of the Panama Papers.

• The role of technology in financial services.

• The importance of offshore accounts.