Iceland's PM becomes first casualty of Panama Papers

Gunnlaugsson stepped down following allegations he had sought to hide his wealth and dodge taxes

6th April, 2016
Protesters outside the Parliament building in Reykjavik yesterday Pic: Getty

The decision was announced in parliament after the legislature became the focus of street protests that attracted thousands of Icelanders angered by the alleged tax evasion efforts of their leader. Gunnlaugsson, who will step back a year before his term was due to end, gave in to mounting pressure from the opposition and even from corners of his own party. He will continue as chairman of his Progressive Party and has handed over the premiership...

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