By John Smith • 21 December 2019 • 21:00
Big Ben London
IN anticipation of an established left wing Government in Spain, a number of investment banks are urging businesses which are looking to buy or sell to complete as quickly as possible.
For some months there has been less movement with takeovers than is usual, but now that it looks very likely that PSOE and Podemos will be relatively secure in power, these banks anticipate increased taxation.
Even though there is nothing concrete announced, it is believed that the next 12 months will see increases of capital gains taxes.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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