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Vatican gets billion euro property tax exemption

20.12.12 @ 09:08

  1. By EUOBSERVER

The Vatican has been handed a billion euro tax break after the EU ruled that it would be "absolutely mpossible" to claw back unpaid property taxes. Competition Commissioner Joaquin Almunia had previously ruled that the Catholic church's exemption from paying tax on over 4,700 buildings from 2006-2011 breached competition rules.