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Zara founder Amancio Ortega buys 500 million dollars worth of property to beat Spanish wealth taxes

Zara founder Amancio Ortega goes on $500m property spree to beat Spanish wealth tax

Zara founder Amancio Ortega. Credit: Imaxe Press, Shutterstock Zara founder Amancio Ortega has gone on a global property shopping spree, snapping up more than $500 million (€460 million) in real estate to protect his fortune from Spain’s aggressive wealth tax laws, according to Bloomberg. Pontegadea, Ortega’s family office, purchased a 5-star hotel in Paris as well as a residential building …

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Meet the angry Emoji: Spain’s newest traffic sign could land you a €200 fine

Meet the angry Emoji: Spain’s newest traffic sign could land you a €200 fine

Spain’s new S-991C traffic sign warns of red light cameras—ignore it and you risk a €200 fine. Credit : @DGTes If you’ve been driving around Spain lately, you might have spotted something new staring back at you at a set of traffic lights– a bright yellow sign, complete with a very cross-looking emoji. This is not a joke. It’s not …

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Benalmadena’s new terrifying pavements

Benalmadena’s terrifying new pavements

Benalmadena residents have had to deal with a number of problems in the last few months, including burst pipes, frequent power cuts, excessive noise at Arroyo de la Miel and roadworks that cause traffic delays. The latest complaint has caused serious safety concerns for the elderly residents of the town, especially in the Gamonal section of Arroyo de la Miel. …

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