Panama needs 'more time' to impose OECD tax info measures

Panama needs "a little more time" to comply with OECD standards on exchanging tax information but remains committed to greater financial transparency, President Juan Carlos Varela told reporters on Thursday. Varela did not specify how much time Panama was seeking to meet the Organisation for Economic Cooperation and Development's reporting standards for automatically exchanging tax information. Revelations in the so-called Panama Papers, which showed how one Panama law firm set up 200,000 offsho