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PANAMA PROPERTY OPPORTUNITIES 2012

Panama’s National Assembly recently passed “Resolution 52.” The intent of the resolution was supposedly to ensure that the government will collect taxes on transient rental income…Except that’s not what the law said. What Resolution 52 actually did is make it illegal for anyone to rent his/her property for a period of less than one year. The justification was that if you don´t let transients compete for housing, there will be more apartments for the masses.

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