Evasion is illegal. You don't need to be a lawyer for that: you must be transparent to the tax authorities, completely, on which basis they can tax you. Panama

Evasion is illegal. You don't need to be a lawyer for that: you must be transparent to the tax authorities, completely, on which basis they can tax you. Panama is interesting because it allows you to hold wealth in a country that discloses very little to any tax authorities, thereby illegally evading taxes. Tax avoidance is different, and it's legal. Finally, I'm not intimately aware of his tax mistakes. Primarily I keep seeing reporting on how his wife has bonds from an Icelandic bank and he, as PM, sought to have this bank pay its debtholders (including his wife) during the financial crisis (which was a financial meltdown in Iceland), an obvious conflict of interest. That's what I hear was mainly the issue.