Recently elected President, Ricardo Martinelli pledges to change his country by helping Panama become a world class maritime commercial and financial center; overturning the common misconception that the country is best known for financial corruption. A conservative tycoon who advocates a flat tax and infrastructure development, Martinelli won the presidency in a landslide victory showing that the citizens of Panama are indeed ready for a change. Martinelli’s stand on the recent hot issue of tax havens is two fold: first, he disagrees with US lawmakers that say Panama has failed to deal with tax evasion and second, he is open to sharing tax information with US authorities. While the promise of a changed Panama will be received positively throughout the international business community, it remains to be seen the true changes that will result from Martinelli’s reign.

For further information on Ricardo Martinelli’s election, click here http://www.time.com/time/world/article/0,8599,1895827,00.html


Posted in: Miscellaneous, Uncategorized on May 11, 2009

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