Panama Tries Persuading the World It Isn't a Tax Haven
The leak has touched off a nationalist outburst in Panama.
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Panama is not a tax haven. Panama is not a tax haven. Panama is not a tax haven.
That is the mantra of President Juan Carlos Varela as he tours the globe in a damage control campaign for his Central American nation’s reputation as the next installment of the so-called Panama Papers looms. The leak of 11 million documents from Panama law firm Mossack Fonseca revealed the links of powerful world leaders to offshore tax shelters and led to the resignation of Iceland’s Prime Minister Sigmundur David Gunnlaugsson and protests against British Prime Minister David Cameron.