As millions of Americans rush to complete their taxes, some administration officials are pushing to "rapidly" approve a leftover Bush NAFTA deal with Panama - a nation notorious for helping corporations escape paying their fair share. In fact, Panama was just featured on a key list of countries who have long promised to adopt international tax norms, but have systematically refused to do so.
Just the other day, Obama's lead staffer for this week's Summit of the Americas, Ambassador Jeffrey Davidow, told a corporate audience in Washington that the administration wants to move "rapidly" on the Panama FTA. As if any NAFTA expansion was not already a terrible idea, this particular deal would eviscerate efforts now underway to end Panama's tax-haven, banking secrecy and money laundering outrages. So, we should all be ready for the next foreseeable move by Panama, which is panicked about growing focus on its shady dealings: expect Panama to announce sham tax-haven reforms. Just recently three European tax-haven nations got great press for announcing reforms that amount to nothing.
TAKE ACTION: Use the form below to tell your members of Congress that you are outraged that some administration officials would even consider moving Bush's FTA with tax haven Panama. Remind them of President Obama's pledge to renegotiate NAFTA and create a new American trade model that actually benefits us. The form will send your e-mail to both of your senators as well as your House representative.
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