On July 1, the government’s fiscal reform goes into effect and shoppers will pay two percent more in personal property and service transfer tax. Opponents to the reform have argued that the new seven percent tax will increase the economic burden of basic goods and services and increase inflation, but the Ministry of Economy...
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Archive for June 28th, 2010
Countdown to Personal Property and Service Transfer Tax Increase
Most Expensive Suite Reserved for Berlusconi
Panama’s guest of honor this week, Italian Prime Minister Silvio Berlusconi, will be staying in the country’s most expensive hotel suite. The Sheraton Hotel confirmed that Berlusconi will be the first guest of its newly remodeled presidential suite priced at $1,500 per night. The room has its own kitchen, dining room with seating for...
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