Iceland’s government is under pressure from a tax corruption scandal, and the prime minister could be forced to resign.
For now, Sigmundur David Gunnlaugsson says he’s merely taking a break from the office.
The massive Panama Papers leak, consisting of 11.5 million documents released to German newspaper Süddeutsche Zeitung by an anonymous source, revealed several members of Iceland’s government, including its prime minister are among numerous world leaders with secretive offshore shell corporations, potentially allowing them to hide billions in income from taxes.
A video released Sunday by The Guardian showed Gunnlaugsson abruptly ending a television interview, where he was confronted about selling his share in a shell corporation, Wintris, Inc., to his wife just one day before a new law came into effect which would have required him to disclose his holdings.