Vatican Loses Part of its Tax Exempt Status in Italy

Vatican Loses Part of its Tax Exempt Status in Italy February 17, 2012

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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