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Cash-strapped Italy looks to tax church-owned properties

from Religion News Service

Pinched by the global recession and tough-love budget demands of the European Union, the Italian government is looking for extra revenue, and has its eyes set on commercial properties owned by the Roman Catholic Church. The government announced it wants to revise rules on the tax-exempt status of church-owned commercial property. "Such a move would have been unimaginable six months ago," said Francesco Perfetti, a history professor at LUISS University in Rome. more

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