On 17 January 2018, Panama's Ministry of Economy and Finance submitted to the National Assembly the bill to make tax fraud a criminal offense; currently, tax fraud is only an administrative offense. As noted in a press release from the Ministry, the bill provides for sanctions of 2 to 5 years and fines up to 10 times the amount defrauded to the persons who for their own benefit or of a third party, with the intention of defrauding the National Treasury simulate, hide, omit, falsify or deceive…