John Key says independent review of foreign trusts likely to go ahead but he has no intention of releasing his tax records.

Syria's democratic opposition is combing through this week's release of the "Panama Papers" to revitalise efforts to identify and freeze billions of dollars amassed by the family and friends of their country's dictator, Bashar al-Assad.

COMMENT: Even if it does get a bit hot, don't worry, because we have a very elaborate system of shelters.

The Government announced it had approved an air service agreement with the very country which gave the massive document leak its name.

Reports by two consortiums of investigative journalists purport to have exposed the dealings and offshore accounts of some of Putin's closest associates.

COMMENT: If I were the Labour Party, looking at five more years without power, I would be doing some serious work on the tax issues coming to light lately.

One of the journalists behind the massive Panama Papers leak criticises New Zealand's laws around foreign trusts.

Swiss police raided the Uefa yesterday about a contract disclosed in the Panama Papers signed by the head of the global football body Fifa.

The resignation of Iceland's PM adds to a series of unfortunate events, seeing Iceland fall both in and out of favour.

Gunnlaugsson tendered his resignation after leaked files showed that his wife owned an offshore company with links to some of the country's collapsed banks.

Prime Minister John Key has defended his vision to turn New Zealand into the Jersey or Switzerland of the South Pacific.

Americans don't need to go to Panama - they have a thriving offshore industry at home.

A businessman with close links to the Mexican President set up a series of shell companies in New Zealand.

Four short sentences kicked off one of the biggest data leaks in history.

There are information leaks, and there is the Panama Papers leak, which is gigantic compared to past data spills.

The Prime Minister is under pressure to take action as New Zealand is described as a 'tax haven' in media coverage of the Panama Papers

Inland Revenue is trying to get information on New Zealanders who have dealt with Panamanian law firm Mossack Fonseca.

A New Zealander has been named as a director for thousands of shell companies revealed in the Panama Papers as being used to avoid tax by wealthy clients.

COMMENT: The fact that New Zealand's trust regime is caught up in the midst of it all will be a surprise to many Kiwis.

When billionaires go through a messy divorce, Mossack Fonseca is there to help.

The real tragedy in this ?Panama Papers? case is that nothing will be done about it. Unless they're involved in genocide, the truly powerful will never be held accountable for their actions.

Massive protests have broken out in Iceland demanding the resignation of the Prime Minister after the Panama Papers leak.

Putin is the victim of a Western plot designed to topple him through allegations members of his inner circle used an offshore tax haven, the Kremlin has claimed.

The Panama Papers leak has revealed how the rich and powerful have hidden their billions.

The naming of NZ as a tax haven which allows foreign investors to hide their income in secretive trusts will not force the Government to change any tax rules, John Key says.