Panama Papers Aftershock: World’s Largest Fund Sees Protests Over Tax Havens

Flickr/ Claudia Regina

Norwegian parties and organizations are planning protests outside the parliament in Oslo to pressure the country’s $850B wealth fund to dump its investments in tax havens after the Panama Papers revealed the extent of tax evasion.

More than 35 groups are lending their support to the demonstration, which follows calls last week for the fund to exit holdings in tax havens, Bloomberg reports.

But will the outrage over elite tax havens have tangible effects? It already has. Iceland’s Prime Minister stepped down last week after the leaked documents revealed both he and his wife have offshore accounts. [Bloomberg]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

REPORT: Amazon Eyes Next Industrial Push With Plans To Expand Same-Day Deliveries

Fed Raises Benchmark Rate, Intensifying Borrowing Cost Blues

Stockdale Hires Fortress Exec To Launch Debt Business

Inside The Nationwide Jockeying For Opportunity Zones 2.0

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Airbnb Launches $250M Fund To Invest In Affordable Housing

Brookfield Buys Minority Stake In Hyperscale Data Center Developer AREP