Categories:Other Offshore

Clear thinking

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  • The Vatican

    It appears the Vatican is o proceed shortly with a full-blown encyclical calling for the closure of all tax havens. His Holiness is clearly badly advised and needs to think again for many reasons. But principally because, if he gets his wish, the Holy See will have to be shut down since it is a tax haven and its residents pay no taxes.

    Also, the Catholic Church enjoys massive tax breaks not only in Italy but worldwide. So maybe a reread of Matthew Chapter 7, verse 3 before venturing further?

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