Panama promotes tax breaks for business conventions

Panama's Conventions Bureau is in talks to ensure that convention expenses become tax deductible for US companies.

Monday, July 7, 2008

Convention tourism attracted 53,804 foreign visitors to Panama last year.
Aida Quijana, president of the Conventions Bureau, said it was important for Panama to follow Costa Rica's lead by allowing US companies to deduct convention expenses from their tax obligations.



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