• King-size sleaze

    “Imagine cancelling your tax residence from the country where your head is on the coins”, the tweet says.

    In Spain, corruption has reached the highest level: the monarchy. After decades of a policy of eyes wide shut to the shady business of Juan Carlos I (our first King after the Franco dictatorship), the scandal grew so big that he was forced to abdicate to save the institution.

    So now, as “emeritus King” Juan Carlos lives in “exile” in the United Arab Emirates, where he had previously used his status as the Spanish monarch to make business.

    Juan Carlos has even changed his tax residency to the UAE to avoid investigation by the Spanish Treasury for tax evasion regarding juicy ‘presents’ from his Arab friends. Surreal, isn’t it? So much that the Spanish can only do one thing: laugh.

    This article is part of the "The corruption issue" edition
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