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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  7/30/2014
SATURDAY, OCT 16, 2010  |  2 comments
Tax investigation could land Pope with €8bn bill
Eight billion euros worth of tax breaks pocketed by the Catholic Church in Italy could be in breach of European law and may have to be repaid, it has emerged.

The development is the latest blow to an institution that has been rocked by an annus horribilis following the global clerical paedophilia scandal that broke earlier this year, and investigations into money laundering.


CLICK HERE to Read Entire Article
www.independent.co.uk

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News Item10/16/10 1:56 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
Good points, raggle, except Der Fuhrer of the Romish Church will plead to the faithful to make up the penalities, if they should ever arise. The Romish Church will end up with more money no doubt than what it started with.

Is the One True Church Roman Catholic?

2

News Item10/16/10 1:37 PM
raggle  Find all comments by raggle
"If Italy is found to have violated EU subsidy laws, it will have to cancel the exemption and seek reimbursement from the church. If that happened, the financial consequences for the Catholic Church would be grave."

Aaww what a shame.

Maybe the EU should also tax the Papists for all the indulgences they collected over centuries of rip off!

But don't forget folks that

"An indulgence is the extra-sacramental remission of the temporal punishment due, in God's justice, to sin that has been forgiven, which remission is granted by the Church in the exercise of the power of the keys, through the application of the superabundant merits of Christ and of the saints, and for some just and reasonable motive. Regarding this definition, the following points are to be noted:

•In the Sacrament of Baptism not only is the guilt of sin remitted, but also all the penalties attached to sin. In the Sacrament of Penance the guilt of sin is removed, and with it the eternal punishment due to mortal sin; but there still remains the temporal punishment required by Divine justice, and this requirement must be fulfilled either in the present life or in the world to come, i.e., in Purgatory."
(Catholic Encyclo)

1
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