{"id":19554,"date":"2016-04-05T12:08:03","date_gmt":"2016-04-05T17:08:03","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19554"},"modified":"2016-04-05T12:08:03","modified_gmt":"2016-04-05T17:08:03","slug":"panama-papers-icelands-pm-resigns-over-offshore-tax-haven-revelations","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19554","title":{"rendered":"Panama Papers: Iceland&#8217;s PM resigns over offshore tax haven revelations"},"content":{"rendered":"<div id=\"content\" class=\"wrap12 story-head\" tabindex=\"0\">\n<div class=\"colfull\">\n<div class=\"story-headline\">\n<h3 class=\"story-title\"><a href=\"http:\/\/www.cbc.ca\/news\/world\/panama-papers-ukraine-poroskenko-offshore-assets-1.3520996\" target=\"_blank\">Panama Papers: Iceland&#8217;s PM resigns over offshore tax haven revelations<\/a><\/h3>\n<\/div>\n<p class=\"story-deck\"><strong>Sigmundur David Gunnlaugsson denied any wrongdoing amid protests by thousands<\/strong><\/p>\n<p class=\"small lighttext\"><img decoding=\"async\" title=\"\" src=\"http:\/\/i.cbc.ca\/1.3519312.1459769376!\/fileImage\/httpImage\/image.jpg_gen\/derivatives\/16x9_620\/sweden-iceland.jpg\" alt=\"Iceland's Prime Minister Sigmundur David Gunnlaugsson, seen Tuesday, and his wife have come under fire for being linked to an offshore company that may represent a severe conflict of interest.\" width=\"100%\" height=\"349\" \/><\/p>\n<\/div>\n<\/div>\n<div class=\"wrap8 story-primary\">\n<div id=\"leadmedia\" class=\"story-leadmedia col8\">\n<div class=\"figure\">\n<p class=\"figure-caption\">Iceland&#8217;s Prime Minister Sigmundur David Gunnlaugsson, seen Tuesday, and his wife have come under fire for being linked to an offshore company that may represent a severe conflict of interest. (Bertil Enevag Ericson\/Scanpix\/Reuters)<\/p>\n<\/div>\n<\/div>\n<div class=\"wrap8 story-bodywrapper sclt-storybody\">\n<div id=\"sharecount_gig_containerParent\" class=\"story-middle col2\">\n<div id=\"sharecount\" class=\"sclt-share\">\n<div id=\"yui_3_11_0_2_1459874754874_12\" class=\"gig-bar-container gig-share-bar-container\">Iceland&#8217;s embattled Prime Minister\u00a0Sigmundur\u00a0David\u00a0Gunlaugsson\u00a0has resigned amid a scandal related to his\u00a0offshore financial dealings\u00a0revealed in the Panama Papers, according to the Icelandic public broadcaster.<\/div>\n<\/div>\n<\/div>\n<div class=\"story-body\">\n<div class=\"story-content\">\n<p>He had earlier\u00a0refused to step down.<\/p>\n<div class=\"figure wrap6 \">\n<div id=\"player659274307656\" class=\"cbc-caffeine col6width\" data-playerid=\"caffeine13521438\">\n<div id=\"container52521950\" class=\"cbc-caffeine-outer-container\">\n<div id=\"Caffeinecaffeine13521438\" class=\"cbc-caffeine-player\">\n<div id=\"CaffeinePlayercaffeine13521438\" class=\"cbc-caffeine-container player-loading\">\n<div id=\"thumbnailcaffeine13521438\" class=\"thumbnail-container\"><img decoding=\"async\" class=\"thumbnail\" src=\"http:\/\/cbccaption.cbc.ca\/1021\/999\/STILL_Iceland_Protest.jpg\" alt=\"Media placeholder\" \/><\/p>\n<div id=\"iconscaffeine13521438\" class=\"icons\"><button class=\"play-button\">Play Media<\/button><\/div>\n<\/div>\n<\/div>\n<div class=\"CaffeineErrorMessages\"><strong class=\"spaced\">Icelanders mount massive protest against prime minister<\/strong>1:04<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Agriculture Minister Sigurdur Ingi Johannsson told Icelandic broadcaster RUV that Gunnlaugsson was stepping down as leader of the country&#8217;s coalition government.<\/p>\n<p>Earlier Tuesday, Iceland&#8217;s President\u00a0Olafur Ragnar Grimsson\u00a0refused to grant Gunlaugsson&#8217;s request to dissolve parliament and call for an election.<\/p>\n<p>Thousands of Icelanders protested outside parliament on Monday and Tuesday demanding that\u00a0Gunlaugsson\u00a0resign.<\/p>\n<p>Leaked financial documents allege that the prime minister and his wife set up a company in the British Virgin Islands with the help of a Panamanian law firm. Gunlaugsson is accused of a conflict of interest for failing to disclose his involvement in the company, which held interests in failed Icelandic banks that his government was responsible for overseeing.<\/p>\n<div class=\"figure\"><img decoding=\"async\" src=\"http:\/\/i.cbc.ca\/1.3521213.1459863887!\/fileImage\/httpImage\/image.jpg_gen\/derivatives\/original_620\/panama-tax-iceland-protest.jpg\" alt=\"PANAMA-TAX\/ICELAND-PROTEST\" width=\"100%\" \/><\/p>\n<p class=\"figure-caption\">Hundreds of people demonstrated in Reykjavik on Monday after news broke about the leaked documents. (Stigtryggur Johannsson\/Reuters)<\/p>\n<\/div>\n<p>The so-called Panama Papers \u2014\u00a0legal records from the\u00a0Mossack\u00a0Fonseca\u00a0law firm based in Panama\u00a0\u2014 were\u00a0published Sunday night by news organizations working with the Washington-based International Consortium of Investigative Journalists, including CBC News.<\/p>\n<p><strong>Ukraine&#8217;s president implicated<\/strong><\/p>\n<p>Ukraine&#8217;s fiscal service will examine the documents relating to President\u00a0Petro\u00a0Poroshenko&#8217;s\u00a0offshore assets that were published over the weekend after a massive data leak, the head of the service, Roman\u00a0Nasirov, said on Tuesday.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Panama Papers: Iceland&#8217;s PM resigns over offshore tax haven revelations Sigmundur David Gunnlaugsson denied any wrongdoing amid protests by thousands Iceland&#8217;s Prime Minister Sigmundur David Gunnlaugsson, seen Tuesday, and his wife have come under fire for being linked to an offshore company that may represent a severe conflict of interest. (Bertil Enevag Ericson\/Scanpix\/Reuters) Iceland&#8217;s embattled [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[10444,3544,1833,13301,13259,13260,783],"class_list":["post-19554","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bcc-news","tag-cbc","tag-iceland","tag-offshore-money","tag-panama-papers","tag-sigmundur-gunnlaugsson","tag-taxes"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19554"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19554\/revisions"}],"predecessor-version":[{"id":19555,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19554\/revisions\/19555"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}