Will most likely be the same as when UBS was investigated. Big fines (aka payoffs) and possibly a token sentence in Club Fed for a low level sacrificial lamb. 

Iceland PM Gunnlaugsson urged to resign amid Mossack Fonseca data leak

www.abc.net.au/news/2016-04-04/iceland-pm-urged-to-resign-amid-panama-papers-scandal/7295742

Here are all the files in case anybody wants to view them:

www.documentcloud.org/public/search/Source:%20%22Internal%20documents%20from%20Mossack%20Fonseca%20%28Panama%20Papers%29%22/p2

Also if somebody wants a really simple way to understand the Panama papers and what happened here is an 'explain like i'm 5' x/post from reddit...

"When you get a quarter you put it in the piggy bank. The piggy bank is on a shelf in your closet. Your mom knows this and she checks on it every once in a while, so she knows when you put more money in or spend it.

Now one day, you might decide "I don't want mom to look at my money." So you go over to Johnny's house with an extra piggy bank that you're going to keep in his room. You write your name on it and put it in his closet. Johnny's mom is always very busy, so she never has time to check on his piggy bank. So you can keep yours there and it will stay a secret.

Now all the kids in the neighborhood think this is a good idea, and everyone goes to Johnny's house with extra piggy banks. Now Johnny's closet is full of piggy banks from everyone in the neighborhood.
One day, Johnny's mom comes home and sees all the piggy banks. She gets very mad and calls everyone's parents to let them know.

Now not everyone did this for a bad reason. Eric's older brother always steals from his piggy bank, so he just wanted a better hiding spot. Timmy wanted to save up to buy his mom a birthday present without her knowing. Sammy just did it because he thought it was fun. But many kids did do it for a bad reason. Jacob was stealing people's lunch money and didn't want his parents to figure it out. Michael was stealing money from his mom's purse. Fat Bobby's parents put him on a diet, and didn't want them to figure out when he was buying candy.

Now in real life, many very important people were just caught hiding their piggy banks at Johnny's house in Panama. Today their moms all found out. Pretty soon, we'll know more about which of these important people were doing it for bad reasons and which were doing it for good reasons. But almost everyone is in trouble regardless, because it's against the rules to keep secrets no matter what."

I'm not even slightly surprised, It's disgusting that still nothing has been done to stop this nonsense.....
oh yeah maybe it has something to do with who's in charge! I've been fined for putting my meager tax return in late in the past and yet these corrupt greedy self appointed untouchables weave all sorts of complex schemes so they can theoretically steal from our very pockets while they sit back in an air of superiority making out it's our fault that everything has fucked up, off shore, off shite ..... close the lot of them down and make them pay like the rest of us, fine them and force them to payback what they owe. Their greed effects everything and everybody.
The Cameron family have been 'legally' swindling the system for years ..... hypocrites the lot of them.

Guardian Article 4 years ago!

8000+ people in Iceland requesting PM's resignation.






other updates:


The head of the anti-corruption campaign group "Transparent Chile" just resigned after being implicated in the Panama Papers scandal.
Source: www.emol.com/noticias/Nacional/2016/04/04/796392/Presidente-de-Chile-Transparente-renuncia-al-cargo-tras-aparecen-en-los-Panama-Papers.html


Messi's family deny involvement:

"In response to the news released by various media outlets in which Lionel Messi is held responsible for the forming of a company with the aim of 'putting in place a new web of tax fraud', the Messi family wishes to make it clear that Lionel Messi has not carried out any of the actions he is accused of, the accusations of having created a new web of tax fraud and, even, money laundering, are false and libelous."



Live feed here:

www.reddit.com/live/wp1fvdxxwb45

Confiscate the lot and use it to trial basic income in each country that got ripped off i say.

Im looking forward to seeing how this unfolds over the next few months. I think the ripples from this will bring some change. Sadly not the one above, but this really is a popcorn moment that will roll on for a while.

Was just about to post the same.
He walked out of an interview yesterday!
First casualty.

Pressure from Corbyn who is insisting on an independent investigation into those involved in the UK. Has offered to publish his own tax return and said others should do the same! C'mon Cameron!!

Im a bit lost on this point coach. Isn't the point of the offshore bit that you don't bother to tell the tax man, as he can't see it anyway? to me showing the tax return is closing the stable door after the money has already bolted. Am i wrong in the assumption the tax man won't have seen/be able to see that money? 

Not5 that I'm jumping on JC, just what i thought when dodgy Dave mentioned it yesterday. 

Perhaps the issue is specifically whether or not DC has benefited from his father's setup and has failed to declare it. As the beneficiary of a trust fund or recipient of shares etc. one would expect that income to be declared on the tax return, especially by DC. It doesn't mean he has done anything legally wrong (morally/ethically is another issue). If there is nothing declared, people will only speculate. If there is anything declared ...regardless of the amount, he'll be roasted. I say, pretty sticky either way.

Like you say, disclosing a tax return isn't disclosing anything but what you have submitted to the tax man...

It's going to be interesting over the next few days I think.

Is it possible we could see a new PM even before the EU vote?

...doubt much will happen to ham face, more reading about him and carlton, ken clarke if your interested.

Anyone stateside got a handle on the groundswell for bernie?  Thanks

Bernie has the under 40 and white crowd locked down. HRC gets the older vote + minorities. None of it matters as the Dems use the superdelegate system and HRC has the clear advantage there.

en.m.wikipedia.org/wiki/Superdelegate