Progressive Party

Iceland PM Steps Down After Panama Papers Tax Scandal

By Ragnhildur Sigurdardottir REYKJAVIK, April 6 – Iceland‘s Prime Minister Sigmundur David Gunnlaugsson became the first major casualty of the Panama Papers revelations, stepping down on Tuesday after leaked files showed his wife owned an offshore firm with big claims on the country’s collapsed banks. The ruling Progressive Party’s deputy leader, Sigurdur Ingi Johannsson, who holds the

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