How Spain put up wealth taxes - without chasing away the billionaires

How Spain put up wealth taxes - without chasing away the billionaires

Amid calls for Rachel Reeves to bring in a new UK levy for the super-rich, Madrid offers lessons for policymakersCould a wealth tax work in the UK? A visual guideWith its green curtain of hanging gardens, the Planeta building is one of Barcelona’s most recognisable office blocks. Earlier this summer, it was acquired as part of a Monopoly board spending spree by Spain’s richest man, the Zara fashion label founder Amancio Ortega.Through his Ponteg…