A massive data leak from Panama-based law firm Mossack Fonseca showed it registered more than 100,000 secret firms in the British Virgin Islands.  Labour Party leader Jeremy Corbyn said the government needed to 'stop pussyfooting around' on tax dodging. Downing Street said Britain was 'ahead of the pack' on tax transparency, a news agency reported.

At least 11 million leaked documents showed how Mossack Fonseca clients laundered money, dodged sanctions and avoided tax -- the law firm said it has operated beyond reproach for 40 years.

There are links to 12 current or former heads of state in the data, including dictators accused of looting their own countries. The leaks have gained worldwide attention and reactions, with crowds gathering outside Iceland's parliament demanding Prime Minister Sigmundur Gunnlaugsson step down over allegations he concealed investments in an offshore company.

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