{"id":2009295,"date":"2026-06-24T20:18:49","date_gmt":"2026-06-24T17:18:49","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2009295"},"modified":"2026-06-24T20:18:49","modified_gmt":"2026-06-24T17:18:49","slug":"openlux-investigation-reveals-new-luxembourg-firms-linked-to-wealthy-spaniards","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2009295","title":{"rendered":"&#8216;OpenLux&#8217; investigation reveals new Luxembourg firms linked to wealthy Spaniards"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/static.euronews.com\/articles\/stories\/05\/38\/16\/18\/1200x675_cmsv2_af7998ca-4243-5d98-87f3-7a4d1936da46-5381618.jpg&#8221;]<\/p>\n<article id=\"abe-2904584-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2904584\" data-cid=\"9811841\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904584-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/18\/41\/189x106_cmsv2_96ca6263-ddc0-5644-ba61-45865802dd95-9811841.jpg\" loading=\"lazy\" alt=\"Catholic devotees covered in mud and banana leaves take part in the Mud People festival in Bibiclat, Nueva Ecija, Philippines, on June 24, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Catholics walk barefoot in mud ritual\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2904686-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2904686\" data-cid=\"9812420\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904686-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/23\/34\/189x106_cmsv2_d64d8313-5383-5099-a6dd-d35129eeb399-9812334.jpg\" loading=\"lazy\" alt=\"Maltravieso Caves\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Human DNA over 2,000 years old found in caves in Spain and Portugal\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2904519-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2904519\" data-cid=\"9811521\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904519-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/15\/21\/189x106_cmsv2_8be39168-6cae-574f-891b-79a6126d2ae9-9811521.jpg\" loading=\"lazy\" alt=\"MEPs Sander Smit and Barry Andrews in The Ring \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    The Ring<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Will the UK rejoin the European Union? MEPs debate Brexit on The Ring\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2904671-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2904671\" data-cid=\"9812271\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904671-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/22\/71\/189x106_cmsv2_195ef1bd-f5b7-542c-8c44-5f2b2a586c93-9812271.jpg\" loading=\"lazy\" alt=\"A woman sunbathes in London, as a heatwave is predicted Tuesday, June 23, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    UK records hottest June day ever as Europe swelters in heatwave\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2904584-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2904584\" data-cid=\"9811841\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904584-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/18\/41\/189x106_cmsv2_96ca6263-ddc0-5644-ba61-45865802dd95-9811841.jpg\" loading=\"lazy\" alt=\"Catholic devotees covered in mud and banana leaves take part in the Mud People festival in Bibiclat, Nueva Ecija, Philippines, on June 24, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Catholics walk barefoot in mud ritual\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2904686-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2904686\" data-cid=\"9812420\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904686-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/23\/34\/189x106_cmsv2_d64d8313-5383-5099-a6dd-d35129eeb399-9812334.jpg\" loading=\"lazy\" alt=\"Maltravieso Caves\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Human DNA over 2,000 years old found in caves in Spain and Portugal\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2904519-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2904519\" data-cid=\"9811521\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904519-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/15\/21\/189x106_cmsv2_8be39168-6cae-574f-891b-79a6126d2ae9-9811521.jpg\" loading=\"lazy\" alt=\"MEPs Sander Smit and Barry Andrews in The Ring \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    The Ring<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Will the UK rejoin the European Union? MEPs debate Brexit on The Ring\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2904671-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2904671\" data-cid=\"9812271\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904671-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/22\/71\/189x106_cmsv2_195ef1bd-f5b7-542c-8c44-5f2b2a586c93-9812271.jpg\" loading=\"lazy\" alt=\"A woman sunbathes in London, as a heatwave is predicted Tuesday, June 23, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    UK records hottest June day ever as Europe swelters in heatwave\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Business<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            &#8216;OpenLux&#8217; investigation reveals new Luxembourg firms linked to wealthy Spaniards<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/05\/38\/16\/18\/1536x864_cmsv2_af7998ca-4243-5d98-87f3-7a4d1936da46-5381618.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"Luxembourg\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              Luxembourg<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">PAUL AMES\/AP<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0PAUL AMES\/AP\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspLucia Blasco\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1782332329\">\n                    Published on                 <time datetime=\"2026-06-24 22:18:49 +02:00\">24\/06\/2026 &#8211; 22:18 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"22:27\">22:27<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div 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width=\"48\" height=\"48\" alt=\"messenger\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-telegram.svg\" width=\"24\" height=\"24\" alt=\"telegram\" loading=\"lazy\"><span>Telegram<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-telegram.svg\" width=\"48\" height=\"48\" alt=\"telegram\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"24\" height=\"24\" alt=\"vk\" loading=\"lazy\"><span>VK<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"48\" height=\"48\" alt=\"vk\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        The international investigation &#8216;OpenLux&#8217; uncovers new companies linked to some of Spain&#8217;s biggest fortunes, including Amancio Ortega&#8217;s property holding firms worth over \u20ac10 billion.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>Five years after the first &#8216;OpenLux&#8217; revelations, a new investigation led by the global network of investigative journalists specialising in corruption and organised crime OCCRP <em>(source in Spanish)<\/em> and the French daily &#8216;Le Monde&#8217; <em>(source in Spanish)<\/em> once again scrutinises companies registered in Luxembourg and the identity of their beneficial owners. <\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The investigation, carried out by journalists from 16 international media outlets \u2013 with &#8216;InfoLibre&#8217; <em>(source in Spanish)<\/em> taking part and publishing exclusively in Spain \u2013 examines what has become of some of the corporate structures identified in 2021 and reveals <strong>new cases involving Spanish citizens<\/strong> with companies in the Grand Duchy. <\/p>\n<p>They include businesspeople, aristocrats and figures linked to Spanish political life &#8220;who have opted for Luxembourg&#8217;s opacity or the advantages of its tax regime for their financial operations&#8221;.<\/p>\n<h2>From a Pujol grandson to Amancio Ortega<\/h2>\n<p>One of the names to emerge in this new instalment is <strong>Jordi Pujol Giron\u00e8s<\/strong>, grandson of former Catalan president Jordi Pujol. According to the investigation, he owns 50% of Casa de Datos <strong>SCSp<\/strong>, a Luxembourg special limited partnership, together with an Italian partner. This type of structure is not required to file annual accounts, which prevents its activities or investments from being publicly known. <\/p>\n<p>The investigation also revisits the companies linked to Amancio Ortega. By 2021 the Inditex founder already had companies in Luxembourg used to manage international property investments. One of them, Adelphi Property S\u00e0rl, owner of an office building in central London, was wound up in December 2024 after transferring its assets to another group company in the United Kingdom. <\/p>\n<p>At the time, the business group explained that it was &#8220;likely that the Adelphi building will be transferred to a UK company and the Luxembourg company wound up&#8221;, an operation that was ultimately carried out. <\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Zara owner Amancio Ortega becomes the world&#8217;s biggest real estate tycoon<\/li>\n<\/ul>\n<\/div>\n<h2>More than 10 billion euros in assets<\/h2>\n<p>Another of the companies analysed, Hills Place S\u00e0rl, continues to operate out of Luxembourg. According to its 2024 accounts, its assets amount to more than 2.4 billion pounds sterling, equivalent to over 2.8 billion euros. <\/p>\n<p>But that is not the only structure linked to the Galician businessman. According to the investigation, Ortega is currently the ultimate beneficial owner of <strong>a further nine companies registered in Luxembourg<\/strong>, most of them forming part of his property holding company Pontegadea. Some of them were created after the first &#8216;OpenLux&#8217; revelations. The most recent, Pontegadea Logistics Holdings S\u00e0rl, was registered <strong>in April 2026.<\/strong><\/p>\n<p>Among these companies, Pontegadea Luxembourg S\u00e0rl stands out; it reported assets worth more than 7 billion euros in its 2024 accounts. The company holds stakes in businesses based in Luxembourg and other countries, including <strong>the United States, Italy and Ireland.<\/strong><\/p>\n<p>Taken together, the companies of which Ortega is the ultimate beneficial owner in Luxembourg hold assets worth <strong>more than 10 billion euros<\/strong>, according to data consulted by the investigation in the Luxembourg trade register. <\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">What&#8217;s left of a \u20ac100,000 salary after tax across Europe?<\/li>\n<\/ul>\n<\/div>\n<h2>Members of the nobility, aristocrats and sportspeople<\/h2>\n<p>The investigation also focuses on members of the Spanish nobility who have chosen Luxembourg to channel part of their financial operations. Among them is Jos\u00e9 Luis Cotoner Martos, Marquess of B\u00e9lgida, a Grandee of Spain and son of Juan Carlos I&#8217;s mentor. <\/p>\n<p>According to the documents examined by the journalists, Cotoner owns 100% of a holding company based on the outskirts of Luxembourg with assets of more than 27 million euros. He was also convicted in Spain of tax fraud.<\/p>\n<p>The authors of the investigation add <em>(source in Spanish)<\/em> that in the coming weeks they will publish further reports on <strong>&#8220;businesspeople, former senior officials, aristocrats, sportspeople<\/strong> and other well-known Spanish figures or personalities linked to Spain&#8221; who operate through corporate structures in the Grand Duchy.<\/p>\n<\/div>\n<div id=\"adb-c-mention-original-translation\" class=\"c-mention-original-translation c-mention-original-translation--business\">\n<aside>This text was translated with the help of artificial intelligence and originally published in\u00a0Spanish    <\/aside>\n<\/div>\n<p>                          Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2904553-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2904553\" data-cid=\"9811675\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904553-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/16\/75\/480x270_cmsv2_6c832235-6086-543c-9c8a-0102876b3351-9811675.jpg\" loading=\"lazy\" alt=\"European Commission President Ursula von der Leyen.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    EU proposes tax overhaul to cut business costs by \u20ac8 billion a year<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2896517-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2896517\" data-cid=\"9772013\" data-part-label=\"Partner content\">\n<figure id=\"abe-2896517-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/77\/20\/13\/480x270_cmsv2_46c434c0-de73-51a4-9e94-ba093696f77e-9772013.jpg\" loading=\"lazy\" alt=\"Where in Europe can you take home the most from a \u20ac100,000 salary?\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    What&#8217;s left of a \u20ac100,000 salary after tax across Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2891783-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2891783\" data-cid=\"9749372\" data-part-label=\"Partner content\">\n<figure id=\"abe-2891783-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/74\/93\/72\/480x270_cmsv2_275de323-764d-532b-8b59-4bd6593eefcf-9749372.jpg\" loading=\"lazy\" alt=\"A retired man holds a placard which reads &quot;Macron robs the money of the old men and women&quot; during a rally in Paris, France, Thursday June 14, 2018. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Who pays more tax? 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The myth explained<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-3\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2904553-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2904553\" data-cid=\"9811675\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904553-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/16\/75\/480x270_cmsv2_6c832235-6086-543c-9c8a-0102876b3351-9811675.jpg\" loading=\"lazy\" alt=\"European Commission President Ursula von der Leyen.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    EU proposes tax overhaul to cut business costs by \u20ac8 billion a year<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2896517-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2896517\" data-cid=\"9772013\" data-part-label=\"Partner content\">\n<figure id=\"abe-2896517-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/77\/20\/13\/480x270_cmsv2_46c434c0-de73-51a4-9e94-ba093696f77e-9772013.jpg\" loading=\"lazy\" alt=\"Where in Europe can you take home the most from a \u20ac100,000 salary?\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    What&#8217;s left of a \u20ac100,000 salary after tax across Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2891783-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2891783\" data-cid=\"9749372\" data-part-label=\"Partner content\">\n<figure id=\"abe-2891783-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/74\/93\/72\/480x270_cmsv2_275de323-764d-532b-8b59-4bd6593eefcf-9749372.jpg\" loading=\"lazy\" alt=\"A retired man holds a placard which reads &quot;Macron robs the money of the old men and women&quot; during a rally in Paris, France, Thursday June 14, 2018. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Who pays more tax? See where you fall in Europe\u2019s income tax divide<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904553-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904553\" data-cid=\"9811675\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904553-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/16\/75\/320x180_cmsv2_6c832235-6086-543c-9c8a-0102876b3351-9811675.jpg\" loading=\"lazy\" alt=\"European Commission President Ursula von der Leyen.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU proposes tax overhaul to cut business costs by \u20ac8 billion a year<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904642-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904642\" data-cid=\"9812110\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904642-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/21\/10\/320x180_cmsv2_78752c0b-85c7-5cfd-8131-9096b310e812-9812110.jpg\" loading=\"lazy\" alt=\"IMF Managing Director Kristalina Georgieva.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    IMF to closely monitor China\u2019s economic growth amid trade tensions<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904600-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904600\" data-cid=\"9811931\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904600-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/19\/31\/320x180_cmsv2_2ffc7b20-6a4a-5514-8dfe-c947db82ee81-9811931.jpg\" loading=\"lazy\" alt=\"File - The crude oil tanker Dubai Attraction is moored in the Mississippi River at the IMTT dock in Saint Rose, La., Thursday, 2 April 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Brent crude falls below $74 for first time since Iran war began<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904494-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904494\" data-cid=\"9811357\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904494-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/13\/57\/320x180_cmsv2_55c8ce1c-ded5-5b0a-b4a5-c17b7317a90c-9811357.jpg\" loading=\"lazy\" alt=\"An armoured personnel carrier, a Puma infantry fighting vehicle and a Leopard battle tank produced by pan-European defense company KNDS are displayed in Munich, 22 April 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Defence giant KNDS unveils IPO plans as valuation could top \u20ac15bn<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904514-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904514\" data-cid=\"9811545\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904514-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/14\/90\/320x180_cmsv2_25ec8703-e7f0-5d9b-9c57-816ef752fbde-9811490.jpg\" loading=\"lazy\" alt=\"Delcy Rodr\u00edguez waves while waiting for Colombian President Gustavo Petro at the Miraflores Palace in Caracas, Venezuela, on 24 April 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Venezuela plans biggest debt restructuring ever<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904178-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2904178\" data-cid=\"9809533\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    SpaceX sheds $600 billion in three days and turns to the bond market<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2903730-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2903730\" data-cid=\"9807449\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which EU countries have the most spare rooms amid the housing crisis?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904393-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2904393\" data-cid=\"9810760\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Airbus under scrutiny as EASA orders A380 inspections over wing<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904482-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2904482\" data-cid=\"9811420\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    \u20ac2bn wasted? Germany scraps world\u2019s largest frigate project<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904030-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2904030\" data-cid=\"9808894\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why is gold falling as inflation rises? The myth explained<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">Five years after the first &#8216;OpenLux&#8217; revelations, a new investigation led by the global network of investigative journalists specialising in corruption and organised crime OCCRP (source in Spanish) and the French daily &#8216;Le Monde&#8217; (source in Spanish) once again scrutinises companies registered in Luxembourg and the identity of their beneficial owners.The investigation, carried out by journalists from 16 international media outlets \u2013 with &#8216;InfoLibre&#8217; (source in Spanish) taking part and publishing exclusively in Spain \u2013 examines what has become of some of the corporate structures identified in 2021 and reveals new cases involving Spanish citizens with companies in the Grand Duchy.They include businesspeople, aristocrats and figures linked to Spanish political life &#8220;who have opted for Luxembourg&#8217;s opacity or the advantages of its tax regime for their financial operations&#8221;.From a Pujol grandson to Amancio OrtegaOne of the names to emerge in this new instalment is Jordi Pujol Giron\u00e8s, grandson of former Catalan president Jordi Pujol. According to the investigation, he owns 50% of Casa de Datos SCSp, a Luxembourg special limited partnership, together with an Italian partner. This type of structure is not required to file annual accounts, which prevents its activities or investments from being publicly known.The investigation also revisits the companies linked to Amancio Ortega. By 2021 the Inditex founder already had companies in Luxembourg used to manage international property investments. One of them, Adelphi Property S\u00e0rl, owner of an office building in central London, was wound up in December 2024 after transferring its assets to another group company in the United Kingdom.At the time, the business group explained that it was &#8220;likely that the Adelphi building will be transferred to a UK company and the Luxembourg company wound up&#8221;, an operation that was ultimately carried out.More than 10 billion euros in assetsAnother of the companies analysed, Hills Place S\u00e0rl, continues to operate out of Luxembourg. According to its 2024 accounts, its assets amount to more than 2.4 billion pounds sterling, equivalent to over 2.8 billion euros.But that is not the only structure linked to the Galician businessman. According to the investigation, Ortega is currently the ultimate beneficial owner of a further nine companies registered in Luxembourg, most of them forming part of his property holding company Pontegadea. Some of them were created after the first &#8216;OpenLux&#8217; revelations. The most recent, Pontegadea Logistics Holdings S\u00e0rl, was registered in April 2026.Among these companies, Pontegadea Luxembourg S\u00e0rl stands out; it reported assets worth more than 7 billion euros in its 2024 accounts. The company holds stakes in businesses based in Luxembourg and other countries, including the United States, Italy and Ireland.Taken together, the companies of which Ortega is the ultimate beneficial owner in Luxembourg hold assets worth more than 10 billion euros, according to data consulted by the investigation in the Luxembourg trade register.Members of the nobility, aristocrats and sportspeopleThe investigation also focuses on members of the Spanish nobility who have chosen Luxembourg to channel part of their financial operations. Among them is Jos\u00e9 Luis Cotoner Martos, Marquess of B\u00e9lgida, a Grandee of Spain and son of Juan Carlos I&#8217;s mentor.According to the documents examined by the journalists, Cotoner owns 100% of a holding company based on the outskirts of Luxembourg with assets of more than 27 million euros. He was also convicted in Spain of tax fraud.The authors of the investigation add (source in Spanish) that in the coming weeks they will publish further reports on &#8220;businesspeople, former senior officials, aristocrats, sportspeople and other well-known Spanish figures or personalities linked to Spain&#8221; who operate through corporate structures in the Grand Duchy.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/06\/24\/openlux-investigation-reveals-new-luxembourg-firms-linked-to-wealthy-spaniards&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/static.euronews.com\/articles\/stories\/05\/38\/16\/18\/1200x675_cmsv2_af7998ca-4243-5d98-87f3-7a4d1936da46-5381618.jpg&#8221;] No Comment Catholics walk barefoot in mud ritual Culture news Human DNA over 2,000 years old found in caves in Spain and Portugal The Ring Will the UK rejoin the European Union? MEPs debate Brexit on The Ring Europe News UK records hottest June day ever as Europe swelters in heatwave No [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2009295","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2009295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2009295"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2009295\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2009295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2009295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2009295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}