OSLO: The EU will have talks with Panamanian authorities on Wednesday in the wake of the offshore accounts scandal.
The meeting comes at the request of Panama’s ambassador. The EU is “very keen to talk to Panama as it is one of the countries that featured on our preliminary list last year of non-compliant tax jurisdictions,” where illicit tax practices still could take place, EU spokeswoman Vanessa Mock said.
The EU says it loses up to €70 billion ($80 billion) in revenue every year because of tax avoidance.
