Panama Papers Scandal Brings Down Iceland’s Prime Minister

NY Times ^ | April 5, 2016 | Steven Erlanger and Stephen Castle

[C19fan]

he prime minister of Iceland resigned on Tuesday, succumbing to political pressure two days after an enormous leak of documents from a secretive Panamanian law firm about offshore shell companies and tax shelters.

The resignation of the prime minister, Sigmundur David Gunnlaugsson, was the first prominent political fallout from the document leaks known as the Panama Papers, which have shed a harsh light on the private financial activities of many rich and powerful people.

[C19fan]

Of all the places I would expect leaders to have off shore accounts the last would be Iceland.

[vette6387]

“Of all the places I would expect leaders to have off shore accounts the last would be Iceland. “

Well, they are an island, so “everything is off shore” to them!

[WMarshal]

Based on Icelands recent history they have every right to be mad about politicians doing anything with foreign banks, let alone using offshore accounts for tax evasion.

[Peter ODonnell]

We pay, they spend. It’s more or less double dipping for political leaders to avoid paying taxes. Same applies to their spouses, after all, who has more access?

[I want the USA back]

How many world “leaders” are getting rich off their jobs?

[Navy Patriot]

Dave just wants to keep the money out of the hands of the local superabundance of Femanazis.

[TomGuy]

But Rush L said only dictatorial leaders are on the list.

==

I wonder how many of our own politicians are sweating?

[TomGuy]

How many world “leaders” are getting rich off their jobs?

After Arafat died, the media revealed that he had stashed around $2 billion (IIRC) in various banks in France, etc.

Of course, the media never speculated as to where the money came from. WE knew it came from the 'donations' of the UN, Europe, America, etc. WE, or rather some of our tax dollars, were supposed to help the Palestinians, but Arafat was taking his cut from the top.

Rush L has commented that the daughter of Venezuela's late president, Chavez, is worth $billions, and it isn't from a day job.

[DoughtyOne]