Vatican Owns Over 5,000 Properties Worldwide, It Reveals In First Disclosures On Its Real Estate Holdings

The Vatican owns more than 5,000 church and investment properties around the world, a central office at the Catholic Church revealed for the first time Saturday, according to several news outlets — but the church is struggling with a budget deficit, plus years of alleged mismanagement tied to its investment

strategy.AFP via Getty ImagesMost of the Vatican’s real estate holdings are in Italy, the majority of which are used by church-affiliated groups or rented out at reduced prices instead of getting leased at market rate, according to a report from the church-run Administration of the Patrimony of the Holy See obtained by

If the Vatican City State does not have a domestic tax base and is spending charitable revenue against non-profit guidelines, what financial penalties should be considered? Could real estate transactions enable wealth transfers, money laundering and tax evasion trusts?

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