Panama: Near Future Without New Taxes

The three presidential candidates at the top of the polls say they will not propose tax reforms during their tenure.

Monday, March 17, 2014 reports that "The issue was discussed at the last forum organized by the Panamanian Association of Business Executives (APEDA), which evaluated the economic and fiscal impact of electoral promises."

Jose Domingo Arias (Democratic Change), Juan Carlos Navarro (Democratic Revolutionary Party), and Juan Carlos Varela (Panamanian Party) are the three candidates for the Presidency of Panama that have the highest chance of winning, according to polls. The three "... assure that they will not impose new taxes."

Other candidates with lesser chances of winning the election such as the candidate to the vicepresidency of FAD, Maribel Gordon, and Juan Jované, independent presidential candidate, said "... yes they would apply tax reforms."

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Juan Carlos Varela is New President of Panama

May 2014

The center-right Varela won the election where the differences between the candidates were not about political philosophies but management styles, for which reason it is estimated there will be no major changes in Panama.

Varela had been the ally who helped the current President Ricardo Martinelli win previous elections, but there was soon distance between them, with Varelas removal from the office of Ministers of Foreign Affairs, although he retained the formal title of Vice President won in those elections.

Elections in Panama in Final Stretch

April 2009

The period for electoral propaganda ends today, just three days from the May 3 elections.

Panamanians will elect the successor to current President Martín Torrijos for the period 2009-2014. reported: "The candidates for the Presidential Seat are: Ricardo Martinelli of the opposition Alliance for Change, the official candidate of the Democratic Revolutionary Party (PRD), Balbina Herrera and former president Guillermo Endara, of Moral Vanguard for the Country (VMP)."

Elections in Panama: Economic Programs

April 2009

For whoever wins the elections on May 3, the main challenge will be to maintain the economic growth that has averaged 8% annually in recent years.

Both the PRD (the Democratic Revolutionary Party, plus the Liberal Party and the People's Party) and Alianza para el Cambio (Democratic Change, the Patriotic Union, the Panamanian Party and Molirena), propose the continuation of the current macro-economic direction of the country, giving continuity to many of the programs conducted by the government of Martín Torrijos.

Businessman Martinelli leads all in Panama

December 2008

A conservative businessman of the Democratic Change (CD) party could become the next president of Panama.

According to a poll by Unimer published in La Prensa, 36.2 per cent of respondents would vote for Ricardo Martinelli in next year’s election, up 3.8 points since October.