The political storm continues over the decision of railway to move its headquarters to the Netherlands. Bildu has presented a non-legal proposal for companies that leave have to return the public aid they have receivedeither. The proposal, which will be voted on this month in Congress, goes beyond that of Podemos, because it also includes changing the law to guarantee jobs for companies that are leaving.
In his proposal, the group of the Basque left requests that Congress urge the Government to legislate so that companies return public aid obtained in the previous decade in the event of relocation and, likewise, to also legislate so that the subsidies and public funds that they receive from now on include the condition that they cannot move their registered office or fiscal office for at least five years.
Bildu also includes in his proposal that the legislation protect the jobs of the companies that move and received public funding. In a statement, Bildu recalls that the European Union has already adopted measures so that companies financed with European funds are excluded from them for up to seven years after a relocation.
In this sense, Unidas Podemos has also spoken out. In fact, The ‘morada’ formation has registered a bill in the Lower House to force companies that take their production or their fiscal headquarters outside of Spain to return the aid and public subsidies obtained during the 10 years prior to the decision to leave the country, also paying late-payment interest. Unidas Podemos justified this proposal in what they considered an “economic piracy” by Ferrovial.
This is how Ferrovial’s business is distributed around the world
It was created more than 70 years ago as a result of a contract with Renfe to shift the wooden sleepers that support the rails of the tracks.. Since then, Ferrovial has become one of the large Spanish multinationals that operates in the transport and mobility infrastructure sector.
The company maintains business with powerful economies and large markets such as the United States, Australia or Turkey.
The Spanish group chaired by Rafael del Pino is present in 15 countries, and according to his calculations, 80% of its income already comes from outside Spain.