The Trump Organization is embroiled in a tax evasion case in Panama, where it is accused of not paying taxes on earnings from managing a Panama City hotel. The private equity manager and his company allege that Trump's businesses failed to pay taxes and report employee salaries accurately, leading to a tax audit by the Panamanian government. President-elect Donald Trump's threats to take back the Panama Canal over fee disputes with Panama have escalated tensions, with Panama asserting its ownership of the canal. The situation raises concerns about potential conflict and the need for international diplomacy to resolve the issue.