Will Church and Charity Tax Spill Over from Spain?
Will Church and Charity Tax Spill Over from Spain?
According to Time, Spain is considering taxing church property as a means of balancing its budget. The value of the property tax exemptions held by the Catholic Church (the dominant religion) in Spain is 2.5 to 3 billion euros annually. With the Congressional Budget Office reporting this week that the United States is on the verge of budgetary catastrophe, will proposals to tax churches and charitable organizations spill over from Spain?
//news.yahoo.com/church-charity-tax-spill-over-spain-225500742--finance.html
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