Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

The Associated Press October 12, 2010, 5:17PM ET

Summary Box: EU probes church tax breaks in Italy

INVESTIGATION: The European Commission has placed Italy under investigation for granting tax breaks to either the Italian Catholic Church or the Vatican for church-run clinics and hostels. The Italian government has a month to respond before the commission makes a final decision.

2005 EXEMPTION: Regulators are looking into a property tax exemption Italian Premier Silvio Berlusconi extended for the church to cover buildings where it runs businesses such as private health clinics or convents that host pilgrims.

EU RULES: The EU said it is investigating because it believes the tax exemptions could violate EU rules on state subsidies and distort competition.


BW Mall - Sponsored Links

Buy a link now!