The Holy See has been
admitted to Italy's fiscal white list, which makes possible the
non-imposition of taxes on financial earnings for residents of
countries on the list.
This is the effect of the publication in the official journal
of a decree signed by Economy Minister Pier Carlo Padoan on
March 23 updating the list of countries that have an adequate
level of information exchange with Italy on tax issues.
The Vatican's inclusion is a direct consequence of the coming
into force of the fiscal convention with Italy.
The Vatican said in a statement that the Holy See's joining
the white list "confirms the process of reform and transparency"
of its finances, showing that the Vatican State "is a
collaborative and transparent country from the standpoint of
fiscal information".
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