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Panama Papers: More protests ahead as Icelanders seek PM’s resignation

WATCH ABOVE: Iceland's political parties have responded with anger after Prime Minister Sigmunder David Gunnlaugsson attempted to dissolve the government, apparently without consulting his party or his coalition partners – Apr 5, 2016

REYKJAVIK, Iceland – Iceland’s prime minister is defying calls for his resignation as opponents plan a second day of mass protests outside the island nation’s parliament.

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Prime Minister Sigmundur David Gunnlaugsson and his wife have been linked to an offshore company that may represent a severe conflict of interest with his official role.

WATCH: Thousands rally in Iceland after release of Panama Papers ignites controversy for PM

A wide array of opposition groups are planning protests Tuesday evening, seeking a new election. Parliament was not in session but deliberations on the crisis are expected to resume later this week.

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READ MORE: Iceland’s PM won’t resign in Panama Papers scandal

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News reports have alleged that Gunnlaugsson and his wife set up a company in the British Virgin Islands with the help of a Panamanian law firm at the centre of a massive tax evasion leak.

WATCH: Iceland PM walks out on interview after being questioned about Panama Papers allegations

He denies doing anything illegal and says all taxes were paid.

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