Vatican Loses Part of its Tax Exempt Status in Italy

The financial crisis in Italy has made indulging religious economic privilege intolerable.  130,000 people signed a petition as part of making this happen:

Prime Minister Mario Monti has announced the Vatican must pay taxes on non-religious property, from which it previously enjoyed an exemption.

The annual cost could be up to 720m euros ($945m; £598m) according to municipal government bodies.

Italy’s Catholic Church has 110,000 properties, worth about 9bn euros.

It includes shopping centres and a range of residential property.

In December, the government reintroduced a tax paid by anyone who owns land or property in Italy – which the Church does not pay.

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UPDATE: I changed the title from its original to make it clearer, on advice from a comment below.

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