The Fostering of Online Gambling in Panama

The process of creating a tax haven in Panama began in 1916. In response to a legal regime that is prohibitive of online gambling, Panama has adopted a liberal legal and fiscal framework to allow online gambling entrepreneurs into its pre-existing tax-haven.

The following questions have been addressed in this article:

Why are US-based entrepreneurs off-shoring their gambling activities to Panama?
What legal and financial benefits are available to foreign-owned Internet-based businesses in Panama?

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