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Panama passes law imposing stricter requirements on multinational firms

PANAMA CITY, May 27 - Panama's National Assembly approved a law that requires multinational entities domiciled in the country to demonstrate real local operations or face a 15% tax on passive foreign income, the Ministry of Economy and Finance said on Wednesday.

Eni-Petronas JV seen reaching $2.7 billion net income in 2030, Italian daily reports

BOJ's net income falls due to higher interest payments on reserves