The Government insists on going to the clash with

Rafael del Pino,

after the decision that Ferrovial transfer its headquarters from Spain to the Netherlands, where the tax burden is lower.

A decision that has caused a major anger in the Executive, both for the forms and for the substance.

The confrontation with the businessman, who is the third largest Spanish fortune, is led by the President of the Government himself.

For Pedro Sánchez, what is behind this departure is not "legal stability", as the company claims, but

"fiscal justice",

that is, that "those who have more have to contribute more to the public treasury by paying more taxes".

Reproaching him, in addition, for his lack of patriotism for changing the headquarters to pay, understand, less taxes:

"The homeland is not just making heritage"-

The analysis made in La Moncloa of Ferrovial's decision is that more than a business decision it obeys the "personal interests" of the businessman, specifically, to, they interpret, his personal purpose of paying less taxes.

A harsh accusation, which confirms that the Government has decided

to go straight to the clash against the businessman,

and that Sánchez has articulated from Helsinki, where he has put an end to a European tour that has also led him to visit Ireland and Denmark this week.

"Here we are talking about tax justice. It is the debate that is behind what is happening with Mr. Del Pino. We are not talking about legal guarantees, which exist because all the international rankings place Spain as one of the safest places to invest

" ,

has been the dart of Sánchez, who keeps his swords high in his crusade against the powerful, who has already had episodes of confrontations and mentions other businessmen such as

Ana Botín

(Santander) and

Ignacio Sánchez Galán

(Iberdrola) when the Government promoted the tax on large fortunes.



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 9,570 million euros.

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.

Forbes

magazine

also places Del Pino as the third fortune in Spain and attributes a personal wealth of 3,800 million to him.

Del Pino, as this newspaper reports this Friday, has no intention of moving his tax residence from Madrid, although the company he presides will do so.

He does not expect to be part of the management team that has already moved

or will do so in the short term to Amsterdam.

Dutch legislation does not oblige the entire management team of a company to establish their tax residence in that country in order to have their headquarters there and Del Pino has proposed to take advantage of that possibility to not move.

The Government, however, remains firm in the conviction that the pretext is wanting to pay less taxes and, in fact, Sánchez not only points out Rafael del Pino with names and surnames, but also accuses him of lack of patriotism, reproaching him, In addition, he has made his fortune thanks to Spain, to public awards.

"As a society we want to compete in the world, build a welfare state society where those who have the most contribute more. The homeland is not just about making assets, it is being supportive and pitching in and helping when the country needs it," has been Sánchez's disapproval and reproach of Del Pino.

"We are talking about Spain's third or fourth fortune, which has largely been made thanks to Spain."

According to the criteria of The Trust Project

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