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At the time of Panama Papers release, there were suggestions made by the press that it's a Big Deal and will lead to Great Changes in politics.

The prime example they used was a nearly-instant fall of Iceland's PM Gunnlaugsson.

However, I don't recall any other fallout beyond noise. Was that just a first among the many, or the one and only meaningful political change among the power elite that happened as a result of Panama Papers?

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    Considering that the current answers are about some people that got fired for being in the panama papers (one iceland minister got fired too, 1st britain minister got to explain how he inhrits an account from there too) is that really what you're looking for or a true changes in politics, high level politicians, regulations and so on ? – Walfrat Sep 20 '17 at 11:17
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It led to investigation against the Prime Minister of Pakistan, Mr Nawaz Sharif, which led to him being removed from office.

Pakistan court removes PM Nawaz Sharif from office in Panama papers case

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Spanish former Minister of Industry and Tourism, José Manuel Soria, was forced to resign because he appeared in the Panama Papers.

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The reason there hasn't been an overarching effect on politicans globally is twofold.

First: The worst offenders from the political realm are politicians in countries where their power is consolidated enough that this would not shake them. This would be autocracies such as Russia, Saudi Arabia, the UAE, and Azerbaijan among others. Ukraine's Poroshenko was under fire for blatant abuse, but at the time they had some more pressing issues...

Second: The report was not made to target politicians, which is important. A slew of wealthy individuals around the globe have been taken to their respective courts, and fires were put back into the debates for reigning in tax evasion in many countries. France took the extra step of labeling Panama a tax-haven country, to the chagrin of the Panamanian government.

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