Moncloa raises its tone after Ferrovial's slam and sees Del Pino's "personal interests" and "ridiculous excuses"

Anger and major discomfort in the Government with Ferrovial.

For the forms and for the background.

In the Executive they do not consider credible the argument that the company has put on the table to justify the change of its registered office from Spain to the Netherlands: the lack of legal stability.

"It's hard to believe," state government sources.

"

."

The analysis that is made in La Moncloa is that the decision goes beyond the business edge and would obey the "personal interests" of the managers -Rafael del Pino is Executive President of Ferrovial- since the transfer would imply that they also pay less taxes.

For the Government, the key to the decision announced this Wednesday by Ferrovial is the lower tax burden in the Netherlands.

At the business level, but also private.

In this context, the sources consulted recall that Spain

.

"It is a matter of taxes", remark the sources consulted.

Rafael del Pino and family are on the podium of the ranking of the richest in Spain recently published by EL MUNDO, with a net worth of

.

The Del Pino Calvo-Sotelo family owns 35%, valued at 6,200 million.

Rafael del Pino, who chairs it, has 20.24%.

The sicavs historically in the hands of the family (a total of seven), lost around 100 million during the year, up to 1,465 million (September 2022), as published by this newspaper.

The Vice President of Economic Affairs,

, held a conversation with Del Pino this Wednesday morning, but government sources

.

"Things are not done that way", they lament, alluding to the fact that the company held its board of directors at 5:00 p.m. and that it was only then that there was an attempt to speak with the President of the Government.

The insecurity of the regulatory framework exposed by Ferrovial has provoked indignation in La Moncloa,

and that every time our country monopolizes a large investment, a profuse legal study is carried out to guarantee that legal certainty.

During his participation in the Davos economic forum in January this year, Pedro Sánchez explained that Spain attracted foreign investment projects worth 30,000 million euros in 2022, a "historical record".

Government sources point out that Ferrovial's "excuse" would be evident

-Spain, in the majority, expose from the Executive, is above the Netherlands- and international investment.

The Government is "studying" the arguments that Ferrovial has put on the table, although they admit that in the short term it is not viable to reverse this situation.

Despite the damage to the image of Spain that a large company like Ferrovial may cause to decide to leave, the Executive branch

because, according to government sources, "companies are not like gazelles."

In the Government, the accent is placed on the fact that Ferrovial is a multinational

, to the awarding of tenders by the Spanish administration.

An argument that Vice President Nadia Calviño has already exposed in some interviews in the media: "It is a company that owes everything to Spain, which has grown thanks to public investments financed by all Spanish citizens."

They believe in the team of the President of the Government that

.

In the Government they consider that this decision by Ferrovial "weakens Europe as a whole" and strengthens the need to advance in European "tax harmonization".

An analysis that occurs when Pedro Sánchez is visiting Ireland, as part of a tour that will also take him to visit Denmark and Finland.

Ireland, precisely a country that is a pike for large multinational companies due to its beneficial tax conditions.

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