To the good guys.

Spain seems divided recently because of the different opinions regarding the donations of oncological equipment valued at euros 320 million by the Amancio Ortega Foundation. Some people glorify the leading figure of the founder of Zara to the altars of holiness, or simply believe that being grateful is being a good guy.  But there are also those who criticize the derisory nature of the donation (compared to his fortune), the tax avoidance of Ortega’s business industry or the scandals of child slavery and labor exploitation found in the INDITEX production chain.

Continue reading “To the good guys.”

(Español) Militantes del SAIn colaboran en un documental sobre Amancio Ortega.

Synopsis

“Zara: The Story of the World’s Richest Man” is the documentary that goes behind one of the biggest and most successful retail stores in the world! 
What’s the secret of the success of Zara and how did the brand managed to bring Fashion to an affordable price?
Our journalists infiltrated the world of the retail store to bring you all the answers and scoops! 
The documentary includes hidden cameras, interviews with Zara insiders and unique footage of Armancio Ortega, founder and self-made man behind the empire of the greatest prêt-à-porter industry. 

Tax Shopping. Exploring Zara’s tax avoidance business.

The Greens/EFA in the European Parliament reveal  that Inditex has saved at least €585 million in taxes during the period 2011-2014, by using aggressive corporate tax avoidance techniques, mainly in the Netherlands, Ireland and Switzerland. You may not know Inditex, but you surely know Zara, Massimo Dutti or Pull&Bear, some of the brands owned by Inditex. Our research looked in detail at their financial accounts and shows how some of their profits are moved to the Netherlands through royalties. Royalty payments are made by many companies for the right to use a brand name. Continue reading “Tax Shopping. Exploring Zara’s tax avoidance business.”