It’s time to wave farewell to Panama City and get out into nature! Breathe in the fresh air of parks, islands, rainforests, and rural villages. This Panama City jungle tour will turn its back on bustling city life and welcome the rainforest in with open arms – come along for the ride!You’ll be picked up from the American Trade Hotel in the historic district, and the first part of this Panama City wildlife tour will take you past Panama Canal’s famous Culebra Cut and towards Soberania National Park, Lake Gatun, and the Chagres River.Known for its huge variety of birds (the Audubon Society's annual bird count once spotted over 500 species in 24 hours!), Soberania National Park is full of wildlife and is a wonderful place to watch for monkeys, sloths, eagles, and plenty more. There’s no denying that this spot in the Panama jungle really is the jackpot for animal lovers. You’ll also catch a boat out to Monkey Island – doesn’t take a genius to guess what you’ll find here! Keep your eyes peeled to spot a number of different species of monkey.Next, you will continue your tour up the Chagres River to an authentic Indian village. This will be an opportunity for you to get in touch with the local community, and learn all about their culture, customs, history, and more. As part of the visit, you’ll take a short hike along the trails through the rainforest to learn about how the local plants are used for medicinal purposes. With your local guide by your side through this adventure, you’ll learn plenty about the culture around you.After your Panama jungle experience of a life time, you’ll head back into the city (perhaps a little begrudgingly…) where your local guide will drop you back off at the American Trade Hotel. During the rainy season in Panama, we are unable to reach the Indian Village for the Panama City Jungle Experience. However, we can offer travelers a nice walk in the jungle as a substitute. This alternate option will be effective from early October to late December.
To start this tour, you will follow the Panama Canal north to the town of Gamboa, where the Chagres River meets the canal. You will begin the wildlife viewing from a boat on the waters of the canal and Gatun Lake. You will ride along the waters of the Panama Canal right next to the ships passing through as well as have an up close view of the the abundant wildlife on its shores.  You will visit the famous Monkey Islands where you will see capuchins, howlers, and tamarins. Once you finish with the canal and lake boat ride (around 90 minutes), you will head 45 minutes north to the Caribbean side of Panama. You will visit the Agua Clara Visitor Center to see the new expansion locks working up close.  Located on the west side of the brand new Agua Clara Locks, the Agua Clara Visitor Center allows you to observe transiting vessels from a scenic lookout point and learn first hand about the various operations of the Panama Canal, the history of its construction, its participation in the world markets, and the importance of its watershed. An observational deck lets you watch the ships pass through the Agua Clara Locks on their way to the Pacific or Atlantic oceans. The next stop will be a visit to San Lorenzo National Park where you will visit a remote rainforest full of flora and fauna, followed by a freshly made picnic lunch and a tour Fort San Lorenzo. A 400 year old Spanish fort on a scenic cliff overlooking the Caribbean, here you will recount the many attacks by pirates and privateers that happened at one of the most historically important places in Panama.  The Fort of San Lorenzo, located on an 80 foot (25m) cliff overlooking the Caribbean Sea at the estuary of the Chagres River, was declared a UNESCO World Heritage Site in 1980 along with the fortifications of the city of Portobelo. It was part of the defensive system for the transatlantic trade of the Spanish Crown, and is a fine example of military architecture of the seventeenth and eighteenth centuries. The Fort of San Lorenzo is one of the oldest fortresses in Spanish America. Here you will recount the many attacks by pirates and privateers that happened at one of the most historically important places in Panama.  Once you finish the tour of the fort, you will return to Panama City for hotel drop off.
The Panama Papers linked a minister in the government of Prime Minister Joseph Muscat, Konrad Mizzi, and the prime minister's chief of staff, Keith Schembri, to shell companies in Panama. Furthermore, Mizzi's wife, Sai Mizzi Liang, who is Malta's trade envoy to China and Consul General for Malta in Shanghai, China, was also named as beneficiary, together with their children, of a trust based in New Zealand holding Mizzi's Panama shell company.
Undergoing redevelopment, the old quarter has become one of the city's main tourist attractions, second only to the Panama Canal. Both government and private sectors are working on its restoration.[30] President Ricardo Martinelli built an extension to the Cinta Costera maritime highway viaduct in 2014 named "Cinta Costera 3" around the Casco Antiguo.[31]
We lived in PCB for 6 years came back to visit after a few years. Not sure if they're trying to compensate for hurricane Michael but was very disappointed with the merchants... Every restaurant we went to was a minimum of $30 (2ppl) and what we bought for a dollar at Alvin's was $10 at another...We drove over the causeway only to be more disappointed, the destruction was heart breaking...i wish we could fix it and make it all beautiful the way it was but this is life. My heart goes out to all on the coast affected and yous are definitely 850 strong!
The Procuraduría de la Nación announced that it would investigate Mossack Fonseca and the Panama papers.[146] On April 12, the newly formed Second Specialized Prosecutor against Organized Crime raided Mossack Fonseca and searched their Bella Vista office as part of the investigation initiated by the Panama Papers. The Attorney General's office issued a press release following the raid, which lasted 27 hours,[147] stating that the purpose was "to obtain documents relevant to the information published in news articles that establishes the possible use of the law firm in illegal activities".[148] The search ended without measures against the law firm, confirmed prosecutor Javier Caraballo of the Second Prosecutor Against Organized Crime.[149]
Denis Christel Sassou-Nguesso is the son of Denis Sassou Nguesso, in power for 32 years and re-elected in March in a disputed election. Daniel is a representative for Oyo, a member of the ruling Parti congolais du travail or Congolese Party of Labour. He is also the assistant director-general of the Société nationale des pétroles du Congo (SNPC), and general manager of the national refinery, Coraf. According to leaked documents he had Mossack Fonseca establish a shell company in the British Virgin Islands for him named Phoenix Best Finance Ltd.

The Isthmus of Panama was formed about three million years ago when the land bridge between North and South America finally became complete, and plants and animals gradually crossed it in both directions. The existence of the isthmus affected the dispersal of people, agriculture and technology throughout the American continent from the appearance of the first hunters and collectors to the era of villages and cities.[16][17]


Since the early 20th century, Panama has with the revenues from the canal built the largest Regional Financial Center (IFC)[59] in Central America, with consolidated assets being more than three times that of Panama's GDP. The banking sector employs more than 24,000 people directly. Financial intermediation contributed 9.3 percent of GDP.[60] Stability has been a key strength of Panama's financial sector, which has benefited from the country's favorable economic and business climate. Banking institutions report sound growth and solid financial earnings. The banking supervisory regime is largely compliant with the Basel Core Principles for Effective Banking Supervision.[61] As a regional financial center, Panama exports some banking services, mainly to Latin America, and plays an important role in the country's economy. However, Panama still cannot compare to the position held by Hong Kong or Singapore as financial centers in Asia.
Mr. Cameron, whose father was a client of the Panamanian law firm, initially said he had not benefited from any “offshore funds,” only to confirm later that he and his wife had profited when they sold shares in an offshore trust for 30,000 pounds ($42,160) in 2010, the year he became prime minister. (The dividends they earned were declared and taxed, Mr. Cameron said.)

According to Forbes, "Hinojosa and other prominent Mexicans, mostly businessmen with close ties to the government, including at least one member of the Forbes billionaires list, were the subject of extensive articles published online by ICIJ investigation partners Proceso and Aristegui Noticias Sunday."[410] Proceso also said that the Mexicans mentioned in the leaked documents included individuals linked to drug cartels.[408]
The ICIJ's Offshore Leaks Database shows that Portugal had 246 Offshore Entities, 300 Officers, 40 Intermediaries and 175 Addresses linked to the activities described in the Mossack-Fonseca papers,[233] with newspapers reporting the involvement of several politicians, government officials, bankers and company managers.[234] As of May 2017, there were no criminal or judicial consequences for any of the involved.

The Ministry of Finance and Monetary Authority of Singapore said in a statement that "Singapore takes a serious view on tax evasion and will not tolerate its business and financial centre being used to facilitate tax related crimes. If there is evidence of wrongdoing by any individual or entity in Singapore, we will not hesitate to take firm action."[381]
Many leaked documents reference Bank Leumi, primarily its branch on the island tax haven of Jersey. One of its customers, billionaire Teddy Sagi, made his fortune developing online gambling technology in England and recently developed the Camden Market commercial real estate space. Sagi is sole shareholder of at least 16 Mossack Fonseca offshore companies, mostly real estate ventures.[363]
ItineraryThis is a typical itinerary for this productStop At: Panama Canal, Panama City, Panama ProvinceCross half of the Panama CanalDuration: 6 hoursStop At: La Playita de Amador Resort & MarinaCheck in pointDuration: 15 minutesStop At: Miraflores LocksCross the 2 level locksDuration: 20 minutesStop At: Pedro Miguel LocksCross the 1 level lockDuration: 20 minutesStop At: Gatun Lake ConstructionGet to the beggining of Gatun LakeDuration: 10 minutes
The Panama Papers confirmed that the politician Stavros Papastavrou, who was advisor of former Prime Ministers Kostas Karamanlis and Antonis Samaras, had been a member of the council of the Panamanian foundations, Green Shamrock Foundation and Diman Foundation, from 2005 to 2014. In 2006, he became deputy chairman of the Aisios Foundation, that still exists today. However, Papstavrou resigned from the Aisios Foundation in 2012.[193]

Also listed are real estate developer and DLF CEO Kushal Pal Singh, Sameer Gehlaut of the Indiabulls group, and Gautam Adani's elder brother Vinod Adani.[353][354] Shares of both companies fell following the release of the papers, as well as those of Apollo Tyres, which had also been mentioned.[355] DLF said it had invested in existing overseas companies in compliance with the LRS Scheme set up in 2004 and reported this to the Indian tax agency.[356] An Apollo spokesman said that the family members of Chairman Onkar Kanwar who had been reported as owning offshore companies did not live in India and had complied with the law where they resided.[356] Gehlaut said he had paid full taxes and made full disclosures.[356]
The trial court prosecutor in Tunis ordered a judicial inquiry into the Panama Papers and Tunisian political figures suspected of hiring the firm. A judge from a Tunisian court specializing in financial crimes was assigned to the case.[479] The Tunisian Assembly of the Representatives of the People established a parliamentary commission of inquiry as well[480]

Following the May publication of this report, the National Assembly passed a law making it illegal to report company ownership[331] and another giving former presidents and first ladies lifelong legal immunity.[332] Khadija Ismayilova, the Radio Free Europe reporter on the 2012 investigation was subjected to escalating legal and public harassment. She was threatened and eventually arrested. She is currently serving a 7.5 year sentence for tax evasion and abuse of power.[333]
Anti-corruption group Transparency International believes that the "creation of businesses while serving as president is a direct violation of the constitution".[296] Also, journalists from the Organized Crime and Corruption Reporting Project believe that with the move Poroshenko committed two other illegalities, starting a new business while in office and failing afterwards to report it on his disclosure statements.[296] Poroshenko denied any wrongdoing and a spokesman said the offshore company had no active assets and was a legitimate corporate restructure aimed at helping to sell Poroshenko's Roshen group.[296] Analysts in Ukraine responded that the secretive way Poroshenko set up these accounts was certain to undermine trust in him, his party and Ukraine itself.[297]
When Ukrainian president Petro Poroshenko took office in 2014, a popular uprising had just toppled his predecessor, Viktor Yanukovych.[292] Poroshenko pledged to sell his candy business (Roshen) if elected, but leaked documents indicate that on August 21, 2014 he instead had Mossack Fonseca set up offshore holding company Prime Asset Partners Ltd in the British Virgin Islands and moved his company there, roughly two months after the election. The move had the potential to save him millions of dollars on his Ukrainian taxes.[293] Records in Cyprus show him as the firm's only shareholder.[294] Some legal experts say the explanation may be sound;[295] however this isn't making a difference to Ukrainian media making the point that Poroshenko opened his offshore account in August 2014 as Ukrainian soldiers were being massacred by the Russians in Ilovaisk.[295] The Panama Papers report may also have figured in the defeat of a trade deal with the Netherlands in a referendum there on April 6.[295]
The US intent to influence the area, especially the Panama Canal's construction and control, led to the separation of Panama from Colombia in 1903 and its establishment as a nation. When the Senate of Colombia rejected the Hay–Herrán Treaty on January 22, 1903, the United States decided to support and encourage the Panamanian separatist movement[24][22]
Jean-Marie Le Pen, founder and long-time leader of the far-right-wing Front National (FN) and now a member of the European Parliament, already was the subject, along with his daughter Marine Le Pen and his staff, of a PNF tax fraud investigation. Drawing official scrutiny were an undeclared HSBC account containing €2.2m in gold and coins, managed from Geneva by an aide through a trust based in the British Virgin Islands which was closed and then moved to the Bahamas in 2014; allegations of overbilling;[189] misuse and comingling of campaign funds;[189][190] and tax evasion. Jean-Marie Le Pen is also suspected of using his European Parliament funds for the campaign and administrative expenses of his French political party.[191] Jean-Marie Le Pen is mentioned in the documents, along with his daughter Marine Le Pen, who is the current party leader, and Frederic Chatillon, an FN insider who is also a close friend of Marine. Among the three of them, they may have hidden as much as a million pounds in offshore accounts.[192]
The International Consortium of Investigative Journalists helped organize the research and document review once Süddeutsche Zeitung realized the scale of the work required to validate the authenticity of 2.6 terabytes[52] of leaked data. They enlisted reporters and resources from The Guardian, the BBC, Le Monde, SonntagsZeitung, Falter, La Nación, German broadcasters NDR and WDR, and Austrian broadcaster ORF, and eventually many others.[53] Ultimately, "reporters at 100 news media outlets working in 25 languages had used the documents" to investigate individuals and organizations associated with Mossack Fonseca.[2]

The firm won’t discuss specific cases of alleged wrongdoing, citing client confidentiality. But it robustly defends its conduct. Mossack Fonseca says it complies with anti-money-laundering laws and carries out thorough due diligence on all its clients. It says it regrets any misuse of its services and tries actively to prevent it. The firm says it cannot be blamed for failings by intermediaries, who include banks, law firms and accountants.
In 2010, HOGL sold its 50 percent stake in Ugandan oil fields to Tullow Uganda for US$1.5 billion.[482] The Uganda Revenue Authority (URA) applied a US$404 million capital gains tax on the transaction and HOGL refused to pay.[482] A four-year battle in various courts ensued. Ugandan officials, including President Yoweri Museveni and the then-URA Commissioner-General Allen Kagina demanded the payment from Tullow, threatening not to renew its exploration licenses, which were about to expire, unless it deducted the tax from its payment to Heritage and remitted it to the URA.[482] Eventually Tullow made a down payment and deposited the rest in escrow, pending legal resolution of its appeal, which came in 2013. Tullow also successfully sued HOGL to recover taxes they had paid on its behalf.[482]
Coronado is a vibrant community located just one hour from Panama City, and many Panamanians have second homes here on the beach. Of the 5,000 plus population there is a large group of expats which are a mix of Canadians, Americans, and Europeans. Built in 1941, this beach community is trendy with shops, restaurants, activities, and resorts. On weekends it is a favorite getaway spot for Panama City residents to spend time at the beach.

Central Bank of Cyprus officially declared: "With regard to press reports citing leaked documents, known as the Panama Papers, the Central Bank of Cyprus announces that it is assessing the information to the extent that it may concern the Cypriot banking system and taking, where necessary, appropriate action."[180] A Cypriot online paper said "The Cyprus link stems from the fact that Fonseca runs an office in Cyprus and, more specifically, in Limassol. In a chart, the leaks name Cyprus as a tax haven (countries that offer little or no tax), although it has a corporate tax rate of 12.5%, the same as Ireland."[180]
On June 6, 1987, the recently retired Colonel Roberto Díaz Herrera, resentful that Noriega had broken the agreed-upon "Torrijos Plan" of succession that would have made him the chief of the military after Noriega, decided to denounce the regime. He revealed details of electoral fraud[clarification needed], accused Noriega of planning Torrijos's death and declared that Torrijos had received 12 million dollars from the Shah of Iran for giving the exiled Iranian leader asylum. He also accused Noriega of the assassination by decapitation of then-opposition leader, Dr. Hugo Spadafora.[27][citation needed]
To start this tour, you will follow the Panama Canal north to the town of Gamboa, where the Chagres River meets the canal. You will begin the wildlife viewing from a boat on the waters of the canal and Gatun Lake. You will ride along the waters of the Panama Canal right next to the ships passing through as well as have an up close view of the the abundant wildlife on its shores.  You will visit the famous Monkey Islands where you will see capuchins, howlers, and tamarins. Once you finish with the canal and lake boat ride (around 90 minutes), you will head 45 minutes north to the Caribbean side of Panama. You will visit the Agua Clara Visitor Center to see the new expansion locks working up close.  Located on the west side of the brand new Agua Clara Locks, the Agua Clara Visitor Center allows you to observe transiting vessels from a scenic lookout point and learn first hand about the various operations of the Panama Canal, the history of its construction, its participation in the world markets, and the importance of its watershed. An observational deck lets you watch the ships pass through the Agua Clara Locks on their way to the Pacific or Atlantic oceans. The next stop will be a visit to San Lorenzo National Park where you will visit a remote rainforest full of flora and fauna, followed by a freshly made picnic lunch and a tour Fort San Lorenzo. A 400 year old Spanish fort on a scenic cliff overlooking the Caribbean, here you will recount the many attacks by pirates and privateers that happened at one of the most historically important places in Panama.  The Fort of San Lorenzo, located on an 80 foot (25m) cliff overlooking the Caribbean Sea at the estuary of the Chagres River, was declared a UNESCO World Heritage Site in 1980 along with the fortifications of the city of Portobelo. It was part of the defensive system for the transatlantic trade of the Spanish Crown, and is a fine example of military architecture of the seventeenth and eighteenth centuries. The Fort of San Lorenzo is one of the oldest fortresses in Spanish America. Here you will recount the many attacks by pirates and privateers that happened at one of the most historically important places in Panama.  Once you finish the tour of the fort, you will return to Panama City for hotel drop off.
In 2008–2009, the Beny Steinmetz Group Resources (BSGR) and its owner Beny Steinmetz paid just $165 million for the mining rights to the northern portion of Simandou mine, located in the Nzérékoré region of Guinea's interior. Soon after, he sold 51 percent of the rights to Vale for $2.5 billion. Rio Tinto, which had previously held the concession, had invested $450 million into infrastructure at the site.[458] Global Witness says BSGR in fact paid nothing for the rights, and the $165 million represents BSGR's self-reported investment in improvements at the site. It adds that either way BSGR's profit exceeded the national budget of Guinea.[459]
The high levels of Panamanian trade are in large part from the Colón Free Trade Zone, the largest free trade zone in the Western Hemisphere. Last year the zone accounted for 92 percent of Panama's exports and 64 percent of its imports, according to an analysis of figures from the Colon zone management and estimates of Panama's trade by the United Nations Economic Commission for Latin America and the Caribbean. Panama's economy is also very much supported by the trade and export of coffee and other agricultural products.[citation needed]
New York's Department of Financial Services has asked 13 foreign banks, including Deutsche Bank AG, Credit Suisse Group AG, Commerzbank AG, ABN Amro Group NV and Societe Generale SA, for information about their dealings with Mossack Fonseca. The banks are not accused of wrongdoing but must provide telephone logs and records of other transactions between their New York branches and the law firm.[427]
More than thirty Costa Rican law firms are mentioned in the Panama Papers as referring clients to Mossack Fonseca, resulting in the creation of more than 360 shell companies. in particular Gonzalo Fajardo & Asociados, founded by former Finance Ministry official and later Economy Minister Gonzalo Fajardo Salas, and over nearly two decades helped Costa Rican companies set up 82 offshore corporations in tax havens, according to DataBaseAR.[403]
New Zealand's Inland Revenue Department said that they were working to obtain details of people who have tax residence in the country who may have been involved in arrangements facilitated by Mossack Fonseca.[493] Gerard Ryle, director of the International Consortium of Investigative Journalists, told Radio New Zealand on April 8, 2016 that New Zealand is a well-known tax haven and a "nice front for criminals".[494] New Zealand provides overseas investors with foreign trusts and look-through companies. New Zealand government policy is to not request disclosure of the identity of either the settlor or the beneficiaries of the trust, and thus the ownership remains secret, and as a consequence, thus hiding the assets from the trust-holder's home jurisdictions. These trusts are not taxed in New Zealand. These trusts can then be used to acquire and own New Zealand registered companies, which become a vehicle by which the trust owners can exercise day to day control over their assets. These New Zealand-registered companies can be designed not to make a profit using loans from tax havens and other profit shifting techniques: the result being tax free income with the general respectability that has typically been associated with companies registered in New Zealand.
Sri Lankan Finance Minister Ravi Karunanayake said his panel will investigate Sri Lankan names that come up in the Panama Papers, as well as the 46 who appear in the 2013 Offshore Leaks, according to the Daily Mail, since earlier leadership apparently did not do so. The country has many large outstanding foreign loans taken out under the administration of former president Mahinda Rajapakse, and the current government recently had to obtain a US$1.5 billion IMF bailout. Rajapakse has denied diverting funds. The current government came to power in January 2016 on an anti-corruption platform.[382]
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