Monday, May 20th, 2013

Vatican Told to Pay Taxes as Italy Tackles Budget Crisis

Published on February 28, 2012 by   ·   No Comments

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Vatican

If you missed this one, what’s this whole “accountability” thing about when it comes to the hierarchy of the Catholic Church? Michael Day reports in the Independent:

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.

Mr Almunia said in 2010 that the exemption amounted to state aid that might breach EU competition law. A parliamentary proposal by the Italian Radicals party last August to repeal the exemption, with a successful petition on Facebook, upped the pressure. A spokesman for Mr Almunia appeared to give the thumbs-up yesterday: “It is a proposal that constitutes a significant progress on the issue and I hope will be implemented,” he said.

Read Entire Article HERE

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