Main | Monday, October 15, 2012

ITALY: Catholic Church To Be Stripped Of Property Tax Exemptions

Beginning next year the Catholic Church will be forced to pay property taxes in Italy.  The new law came about due to pressure from the EU.
The move could net Italy revenues of 500 million to 2 billion euros annually across the country, municipal government associations said. The extra income from previously exempt properties in Rome alone – including hotels, restaurants and sports centers – could reach 25.5 million euros a year, La Repubblica daily newspaper reported. On Monday, the Council of State, Italy's highest ranking court for administrative litigation, ruled against the new law. Authorities stepped in, arguing that everyone in Italy should pay property tax, including the Church. The measure came after the country’s leadership decided in February to alter Italy’s property tax code, ending the Church’s longstanding privileges due to the severe debt crisis.
(Tipped by JMG reader Rick)

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