Bloomberg Businessweek (North America)

Fighting the Bad Rap Of the Panama Papers

Wealth ▶ President Varela defends the country’s reputation ▶ “Success does not depend on irregular flows of money”

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Panama President Juan Carlos Varela has been doing damage control to convince the world his country isn’t an offshore tax haven. He’s met officials in Tokyo and Washington, penned a New York Times op- ed defending his home, created a committee including Nobel laureate economist

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