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harbor it and why this panama deal is so instrumental in helping advance that cause? well, it s very easy to set up an offshore corporation and bank account in panama, whether you re an american corporation or a person with a lot of money. it only cost about $2,000 and takes three or four days for the entire process to be complete. once that happen, panama s got some of the most secretive and bank xris e laws in the world and a corporate system which allows you to hide any activity of the corporation from other authorities in other countries a and they have a long history for refusing to cooperate with tax authorities in the united states. it s perplexing if you want to engage the country in a trade deal to begin with. what we found is this is a problem people raised. so the united states tried to have tax exchange agreement with the country, and this agreement really doesn t do much of anything. it s baised on a very old model similar to canada allowing every single transation betwe