The European Union Keeps Panama on its Blacklist of Tax Havens 

As a result, Panama President Mulino ‘maintains’ a veto on European companies in public tenders after EU ratification.

President José Raúl Mulino reiterated Panama’s position regarding the European Union’s tax list.  Panama must make adjustments to its tax laws to get off the European Union’s discriminatory list.  This measure does not affect European companies that make private investments in Panama.