Day: September 15, 2011

Spains 3rd largest company Inditex moves all online billing operations to Ireland (or how to hide 742 million euros annually from Hacienda)

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Inditex -the owner of such fashion chains as Zara, Uterqüe, Pull&Bear, Bershka, Massimo Dutti, Stradivarius or Oysho- has moved its online operations to the Republic of Ireland in order to take advantadge of the 12,5% flat rate corporation tax available there, the lowest corporation tax in the EU. This compares favourably with a 30% corporation tax Spains third largest company would have to pay if all this went through Madrid. (Yes, I know they’re based Continue reading Spains 3rd largest company Inditex moves all online billing operations to Ireland (or how to hide 742 million euros annually from Hacienda)→

Vera townhall says Priors situation is “unjust” and promises a better home for them

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Vera has been paying, since 2010, 600€ a month to a homeowner on Puerto Rey in order to comply with the judicial order that they had to provide free accomodation for the Priors, the couple whose home was knocked down in the town. However, the Priors refused to occupy this home, saying that the home was not adecuate for their needs, and did not comply with the judicial order. The new administration has now agreed, Continue reading Vera townhall says Priors situation is “unjust” and promises a better home for them→