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The prime minister of Iceland quit Tuesday because a new global financial scandal. Sigmundur Gunnlaugsson resigned because his name was secret documents leaked a Panama law firm. Journalists reported the 11.5 million leaked e-mails and letters the weekend. They contain information about how the world's richest and most famous people avoid paying tax. Thousands the world's most powerful people appear the documents. Iceland's leader is the first to resign because the scandal. The Panama Papers name over 215,000 companies and 14,153 clients the Panamanian law firm Mossack Fonseca, including many current and former world leaders.

Many governments and celebrities the world are now trying to keep the scandal hitting them. British prime minister David Cameron could be embarrassed because his father was one the law firm's clients. Sports figures identified the leaks include Lionel Messi and the new FIFA president Gianni Infantino. He is shocked that people are questioning his honesty. Mossack Fonseca could also be trouble. Journalists say it worked with 33 people or companies that were the part of international sanctions, including a cousin the Syrian president Bashar al-Assad, and companies North Korea. A British tax expert said there is to $32 trillion in untaxed financial wealth the world.

 
 

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