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

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


The Panama Papers lesson


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