National Catholic Reporter

The Independent News Source

Vatican

Vatican, Italy sign tax treaty, promise to share information

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In a key move toward greater financial transparency, the Holy See signed an agreement with Italy that includes the full exchange of financial information about Vatican employees, pensioners, foundations and religious institutes that are subject to Italian taxes.

People and entities that reside in Italy were expected to be liable for Italian taxes on any interest or earnings coming from bonds, investments and savings in Vatican institutions, according to a general outline of the agreement.

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In This Issue

August 28-September 10, 2015

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