Iceland PM steps aside after protests over Panama Papers revelations

Iceland’s embattled prime minister, Sigmundur Davíð Gunnlaugsson, has become the first major casualty of the Panama Papers, stepping aside from his office amid mounting public outrage that his family had sheltered money offshore.

Protests continue in Reykjavík after PM’s resignation.

What was planned as a mass protest in Reykjavik on Tuesday evening turned to muted satisfaction as demonstrators vented their anger following revelations that Gunnlaugsson once owned – and his wife still owns – an offshore investment company with multimillion-pound claims on Iceland’s failed banks.

Britain’s Empire of Tax Evasion

There is a temptation, when looking at the astonishing “Panama Papers,” to start by searching for politicians from your own country who are implicated. If you are British and approach the documents in this way, you’ll find slim pickings in the information released so far.