Panama Papers update – Iceland PM now says he is NOT resigning, but taking a leave of absence

NY Times – Iceland’s already fragile coalition government was thrown into further uncertainty on Wednesday after the country’s prime minister said he had not resigned but had stepped aside for an “unspecified” period after leaked documents linked him to an offshore company. The revelation over the weekend about politicians and business people around the world hiding their wealth… Read More Panama Papers update – Iceland PM now says he is NOT resigning, but taking a leave of absence

Panama Papers Fallout – Prime Minister of Iceland Sigmundur David Gunnlaugsson resigns

Fox News – The prime minister of Iceland offered to resign Tuesday amid reports that he and his wife set up an offshore company with the help of a Panamanian law firm at the center of a massive tax evasion leak, representing the first world leader to step down in the Panama Papers scandal, a government official… Read More Panama Papers Fallout – Prime Minister of Iceland Sigmundur David Gunnlaugsson resigns

World in turmoil as the “Panama Papers” reveal large schemes around the globe to hide money in offshore tax havens

BBC – A huge leak of confidential documents has revealed how the rich and powerful use tax havens to hide their wealth. Eleven million documents were leaked from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca. They show how Mossack Fonseca has helped clients launder money, dodge sanctions and avoid tax. The company… Read More World in turmoil as the “Panama Papers” reveal large schemes around the globe to hide money in offshore tax havens