Italy plans to tax Vatican on commercial properties

ITALY
BBC News

Italy’s Catholic Church faces an annual multi-million euro bill over government plans to strip it of its tax-exempt status.

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.

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