"You’ve probably heard of the unique benefits of Swiss banks"
Yeah, I heard that's no longer true. There's few countries that have proper banking secrecy anymore. Panama gave up their last bit of secrecy after the US helped the last president get elected by spying on his competitors.
Guatemala does have secrecy. It's built into the last constitution of the country (in the 80s). Not even the Guatemalan revenue service is allowed to review bank accounts. OTOH, it's probably not the most stable country to want to park your money in.
Panama gave up their last bit of secrecy after the US helped the last president get elected by spying on his competitors.
Any reference to back that up? I read some of the leaks from Bradley Manning related to Panama and the U.S. clearly stated that it didn't favor Martinelli (current president).
Apparently I'm wrong. Wikileaks had some cables talking about how Martinelli asked the US to spy for him, but they denied him[1]. He did however, end banking secrecy for Panama/US in 2011(?), with a tax treaty. I probably misunderstood after reading some expat sites and connecting lines that perhaps are not connected.
Comments
"You’ve probably heard of the unique benefits of Swiss banks"
Yeah, I heard that's no longer true. There's few countries that have proper banking secrecy anymore. Panama gave up their last bit of secrecy after the US helped the last president get elected by spying on his competitors.
Guatemala does have secrecy. It's built into the last constitution of the country (in the 80s). Not even the Guatemalan revenue service is allowed to review bank accounts. OTOH, it's probably not the most stable country to want to park your money in.
Any reference to back that up? I read some of the leaks from Bradley Manning related to Panama and the U.S. clearly stated that it didn't favor Martinelli (current president).
Apparently I'm wrong. Wikileaks had some cables talking about how Martinelli asked the US to spy for him, but they denied him[1]. He did however, end banking secrecy for Panama/US in 2011(?), with a tax treaty. I probably misunderstood after reading some expat sites and connecting lines that perhaps are not connected.
http://www.cato.org/blog/wikileaks-cable-martinelli-threat-r...