Panama Aims for Removal From EU Tax Haven List by October

Panama is pushing to get off the EU’s tax blacklist after passing new tax rules, Finance Minister Felipe Chapman said Wednesday.

“For us, it’s quite important to do as much as possible for this to be addressed in October,” Chapman told Bloomberg in an interview.

The Central American nation has been on the EU’s so-called list of noncooperative jurisdictions—countries that score low on tax transparency and efforts to fight tax avoidance—since 2020, which has hurt foreign direct investment and business relations between Panama and the EU, Chapman said.

“It was a common objective to get Panama out of this ...