On 6 September 2016, Panama's National Assembly approved Bill 370 of 2016 to replace Law 58 of 2002 and strengthen available counter measures that may be taken against countries that have taken discriminatory or restrictive measures against Panama that harm its economic interests. In general, this means measures against countries that have labeled Panama as a non-cooperative jurisdiction, tax haven, etc. Possible counter measures include increased withholding taxes, increased tariffs, labor r…