Finance Vice-Minister Frank De Lima announces new law banning bearer share secrecy.
The resident agents (the lawyers) will have a register of who owns what. This register will be accesible to TIEA requests so bearer shares won't be anonymous anymore to foreign tax agencies.
There will be penalties for resident agents failing to keep ownership records.
This is also the end of attorney-client privilege for tax purposes in Panama.
http://mensual.prensa.com/mensual/co...os/2359907.asp