just what small-fry churches are doing..............imagine the grand-daddy Vatican church got how much money !
Over €40 million is missing in the Diocese of Magdeburg, €5 million in Limburg and a senior priest in Münster had 30 secret bank accounts.
And while parishes are cutting jobs and funds for community work, many bishops are still living the high life.
Carsten Frerk, a political scientist who is publishing "The Violet Book of Church Finances'' after years of research, estimates the cash assets of the church at €50 billion. The Catholics, are not releasing their own figures.
The assets are invested in real estate, CHURCH-OWNED BANKS, academies, breweries, vineyards, media companies, hospitals, stock holdings, foundations and bequests.
Only a bishop is familiar with this shadow budget, which tax authorities DON'T review.
the Archdiocese of Cologne has a budget of €863 million, with assets estimated at several billion euros !!
the Catholic Church in Germany receive generous payments from the government. There's also the church tax (about €10 billion a year), and annual subsidies to the church which amounted to €17 billion !!!
The church pay no property tax, no corporate tax and no capital gains tax and not subject to any state supervision.
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Over €40 million is missing in the Diocese of Magdeburg, €5 million in Limburg and a senior priest in Münster had 30 secret bank accounts.
And while parishes are cutting jobs and funds for community work, many bishops are still living the high life.
Carsten Frerk, a political scientist who is publishing "The Violet Book of Church Finances'' after years of research, estimates the cash assets of the church at €50 billion. The Catholics, are not releasing their own figures.
The assets are invested in real estate, CHURCH-OWNED BANKS, academies, breweries, vineyards, media companies, hospitals, stock holdings, foundations and bequests.
Only a bishop is familiar with this shadow budget, which tax authorities DON'T review.
the Archdiocese of Cologne has a budget of €863 million, with assets estimated at several billion euros !!
the Catholic Church in Germany receive generous payments from the government. There's also the church tax (about €10 billion a year), and annual subsidies to the church which amounted to €17 billion !!!
The church pay no property tax, no corporate tax and no capital gains tax and not subject to any state supervision.
.
