Catholic Democrats complain about tax reductions – Americans are undertaxed, they say. Pope Benedict has criticized off-shore banks as a source of the financial crisis But in Kaiman and Abel, Timothy Ridley, the former head of a bank in the Cayman Islands, points out 

Der Vatikan hat selbst 1929 einen Deal mit Mussolini geschlossen, wonach er de facto zur Steueroase wurde. Es steht in den aktuellen Yellow Pages der EU: ‘Bürger des Vatikans zahlen keine Steuern.’ In Italien genießt die katholische Kirche jede Menge Steuervorteile. Erst 2005 hat die Regierung Berlusconi die Kirche von allen Steuern auf die meisten ihrer Immobilien befreit.”

Die Überschrift von Ridleys Artikel ist “Matthäus, 7:3”. Dieser Vers des Evangeliums lautet: Warum siehst du den Splitter im Auge deines Bruders, aber den Balken in deinem Auge bemerkst du nicht?

In 1929 the Vatican itself had concluded a deal with Mussolni, by which it became a dde facto tax oasis. In the current Yellow Pages of the European Union it says: “Citizens of the Vatican pay no tax. In Italy the Catholic Church enjoys many tax advantages. In 2005 the government of Berlusconi freed the Church of all taxes on most of its real estate.

The headline of Ridley’s article’s is Matthew 7:3. This verse of the Gospel reads ‘”Why do you see the splinter in your brother’s eye, but you don’t notice the beam in your own eye.

As I walked around Rome on recent visits, I noticed how many buildings outside the Vatican bore signs that indicate they were extraterritorial (i.e., tax free). Hoteliers in Rome are sore about this. The Vatican and religious orders run hotels which are exempt from real estate taxes and use as employees religious who are exempt from minimum wage laws and other employment regulations. Unfair competition?

 

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