Panama Papers: Iceland prime minister seeks early poll

[muriel_volestrangler]

Source: BBC

IThe prime minister of Iceland has asked the president to dissolve parliament after allegations he concealed millions of dollars worth of investments in an offshore company.

Sigmundur Gunnlaugsson had come under increasing pressure over documents showing he and his wife bought an offshore company in 2007.

He is one of dozens of leaders and former leaders around the world named in a huge leak from Panamanian law firm Mossack Fonseca.


Read more: http://www.bbc.co.uk/news/world-europe-35966412

[Lunabell]

1. I can't wait for the Amerkican version to come out.

I wonder who will be on it...

[sofa king]

2. I read a thing about that.

Can't find the exact article now but this one probably comes close:

http://www.salon.com/2016/04/05/this_is_much_worse_than_the_panama_papers_how_america_became_a_world_leader_in_tax_avoidance/

The upshot is that Americans had no need to form shell companies in the BVI because they can do it right here in the US, in Delaware and Nevada especially. But virtually every state permits the formation of LLCs with privacy guarantees that make it unnecessary to hide the money offshore because we can hide it right here.

[Eugene]

3. Panama Papers: Iceland president blocks embattled PM's snap election call

Source: The Guardian

Panama Papers: Iceland president blocks embattled PM's snap election call

Sigmundur Davíð Gunnlaugsson is embroiled in row over his family’s
tax affairs after leaked documents revealed offshore company

Jon Henley in Reykjavik
Tuesday 5 April 2016 15.05 BST

Iceland’s president has refused a request from the country’s embattled prime minister, Sigmundur David Gunnlaugsson, to dissolve parliament and call snap elections until he has had time to consult all the country’s political parties.

As the island’s political crisis deepened on Tuesday, president Olafur Ragnar Grimsson cut short a visit to the US to sound out party representatives in parliament, where the leftwing opposition on Monday presented a motion of no confidence in Gunnlaugsson’s centre-right coalition government.

Further mass protests were planned in Reykjavik for later on Tuesday amid mounting pressure on the prime minister to resign following revelations in the leaked Panama Papers that his wife owned a secretive offshore investment company with multi-million pound claims on Iceland’s failed banks.

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Read more: http://www.theguardian.com/world/2016/apr/05/panama-papers-iceland-gunnlaugsson-snap-election-request-turned-down

[MowCowWhoHow III]

4. Icelandic PM resigns in wake of Panama Papers scandal

#BREAKING Icelandic PM resigns in wake of Panama Papers scandal
https://twitter.com/AFP/status/717378447497146368

[ChairmanAgnostic]

5. wow. they should nickname him Speedy.