The Web of Crime Widens: How Much Money does the Vatican soak from ordinary citizens?

ITCCS researchers have discovered that at least 73 nations have signed secret treaties or Concordats with the Vatican, many of them since 1982, which channel untold billions of dollars of taxpayers’ money into church coffers. These countries include Canada, the United States, England, Ireland, virtually all European countries, and most of the third world.

Under the concordats, a regular percentage of national revenue – anywhere from two to five percent – is given to the Vatican either directly or in the form of subsidies to church-controlled businesses or “charitable” societies. In 2010 alone, Spain granted 262 million Euros to the Vatican – or over $350 million – under its concordat, which also entitles the catholic church to help formulate laws and control education.

“The figure is enormous” commented Hugo Barrero, an Argentinian who has studied the concordats.

“So much money is pouring into Rome through these agreements that the Vatican bank has a special financial officer just to handle the concordat money. But like the Bank itself, most of these agreements are secret and can’t be modified or even reviewed by elected officials of that country.”

The estimated cash assets each year from catholic church collections alone exceeds $50 billion, according to Barrero, and it’s all tax free.

“Even the costs of construction and maintenance on catholic church buildings can’t be taxed. Somebody has called the church an unregulated on-shore tax haven subsidized by taxpayers to pursue the supernatural. But in many cases, it’s actually pursuing child trafficking and rape.”

Requests to government officials or Members of Parliament or Congress in the United States, Canada, Ireland and England for copies of the respective nation’s concordats with the Vatican have repeatedly gone unanswered.

For more, plesae visit http://www.concordatwatch.eu/