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Report: France postpones meeting with Panama over tax blacklist


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Report: France postpones meeting with Panama over tax blacklist

A meetingbetween Panama's finance minister, Dulcidio De La Guardia, and his French counterpart,Michel Sapin, to discuss France's decision to put Panama back on its blacklist ofuncooperative tax jurisdictions has been postponed, La Prensa reported April 12, citing Panamanian government sources.

The meetingwas scheduled for April 13 but has been postponed until the following week as theFrench Finance Ministry reportedly said Sapin's agenda was full with IMF meetings.

Earlierin April, France decided to reinstate Panama on its list of tax delinquent countriesas of January 2017 in the wake of the Panama Papers revelations and Panama's "insufficient"response to requests for information by France's tax authorities.

Panama'spresident, Juan Carlos Varela, has reportedly said that France is "mistaken"in its decision to blacklist Panama and wants the European nation to "reconsider"the move.

Panamaalso aims to advance in "a frank and respectful dialogue" with the Paris-basedOrganisation for Economic Cooperation and Development to confirm its commitmentto financial transparency, Varela said in a press conference.

The OECDwas scheduled to hold a meeting April 13 in Paris to discuss responses to the PanamaPapers revelations.

France'stax haven list currently includes Botswana, Brunei, Guatemala, Nauru, Niue and theMarshall Islands, according to a Reuters report.