05-24-2016, 08:28 AM
This is moving fast and the reactions look to be as major as the story would suggest they'd be. First, this is the note listed on BreakingNews.com by the editorial staff. BreakingNews is an affiliate of NBC News, as a side note for their origin and backing/resources.
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Then this: ...
Iceland’s PM faces calls for snap election after offshore revelations
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Scratch one national leader on the opening day, by the sound of it. He just became largely ineffective, at best, if that is to be believed.
Quote:Editor's note: Earlier on Sunday, Süddeutsche Zeitung, a German newspaper working with the International Consortium of Investigative Journalists, released the "Panama Papers," an online data journalism project of leaked documents that claims to reveal the offshore links of some of the world’s most prominent people. According to the Guardian, the leak is one of the biggest ever, comprising 11.5 million documents and 2.6 terabytes of information drawn from Mossack Fonseca’s internal database. Mossack Fonseca, according to the Guardian, is a Panama-based law firm whose services include incorporating companies in offshore jurisdictions such as the British Virgin Islands. The firm is the world’s fourth biggest provider of offshore services and has acted for more than 300,000 companies. We're following the story on this arc, and we will post updates, reactions and fallout. - Rebecca
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Then this: ...
Iceland’s PM faces calls for snap election after offshore revelations
Quote:Iceland’s prime minister is this week expected to face calls in parliament for a snap election after the Panama Papers revealed he is among several leading politicians around the world with links to secretive companies in offshore tax havens.
The financial affairs of Sigmundur Davíð Gunnlaugsson and his wife have come under scrutiny because of details revealed in documents from a Panamanian law firm that helps clients protect their wealth in secretive offshore tax regimes. The files from Mossack Fonseca form the biggest ever data leak to journalists.
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Scratch one national leader on the opening day, by the sound of it. He just became largely ineffective, at best, if that is to be believed.