Did I read somewhere that Andrew had a penthouse in Panama City? Is that Panama City, Panama or Panama City, Florida? If Panama, he may be up to no good.Smells like a tax dodge…
Tax fraud was long believed to be a crime with no sanctions in Panama. This was because Panamanian law considered tax evasion as an administrative fault that resulted in a fine but not in liberty deprivation.
The lack of severe penalties for tax evasion placed Panama in the international spotlight as a tax haven. For this reason, the government has taken significant steps to create specific measures and regulations that discourage tax fraud.