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Vatican told to pay taxes as Italy tackles budget crisis

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Author Topic: Vatican told to pay taxes as Italy tackles budget crisis  (Read 112 times)
Mark
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« on: February 17, 2012, 04:00:54 am »

Vatican told to pay taxes as Italy tackles budget crisis

After several years of scandal in which the Catholic Church has faced allegations of financial impropriety, paedophile priests and rumours of plots to kill the Pope, the Vatican is now facing a new €600m-a-year tax bill as Rome seeks to head off European Commission censure over controversial property tax breaks enjoyed by the Church.

As the EC heads closer to officially condemning the fiscal perks enjoyed by the Catholic Church and introduced by the Berlusconi administration, Prime Minister Mario Monti has written to the Competition Commissioner, Joaquin Almunia, saying that the Vatican will resume property tax, or Ici, payments.

The Vatican avoids Ici tax on about 100,000 properties, classed as non-commercial, including 8,779 schools, 26,300 ecclesiastical structures and 4,714 hospitals and clinics.

Estimates of its annual saving from avoiding the levy range widely from €600m to €2.2bn. The Church, however, says the tax exemption is worth only €100m a year. Neither is it clear from Mr Monti's comments how much Ici tax the Church will now have to pay.

http://www.independent.co.uk/news/world/europe/vatican-told-to-pay-taxes-as-italy-tackles-budget-crisis-6988938.html
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Psalm 51:17
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« Reply #1 on: February 17, 2012, 08:22:35 am »

The Vatican is so filthy rich, if they wanted to bail out Greece, it would be CHUMP CHANGE to them.
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Kilika
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« Reply #2 on: February 17, 2012, 02:58:36 pm »

Yeah the various reli...idols they have all over the world is priceless in worldly terms. Not to mention the manuscripts and documents in their library they could sell off to collectors and museums.
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