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“Political casualties are mounting fast in the wake of the Panama Papers—a historic leak of confidential documents from a Panama-based law firm that revealed connections between a number of world leaders and nearly 215,000 offshore shell companies.
The prime minister of Iceland has said that he plans to step aside “for an undetermined amount of time” after the Panama Papers revealed that his family owns previously-undisclosed offshore investments. The leak also implicated high-ranking current or former elected officials in countries including Russia, Argentina, Ukraine, Libya and Syria. Even David Cameron, the United Kingdom prime minister who has strongly condemned tax evasion, is facing scrutiny over a shell corporation set up by his late father.”
Read the Full Article at Quartz.