Tuesday, August 21, 2007

Pope to publish new encyclical

Rome (Aug. 20, 2007) - Pope Benedict XVI plans to issue an encyclical denouncing tax evasion and the use of offshore tax shelters as Italy embarks upon a campaign to crack down on tax avoidance.

Italian Prime Minister Romano Prodi has begun clamping down on tax evasion in an effort to collect uncollected taxes that are estimated to equal 27 percent of Italy's gross domestic product. Prodi has asked church leaders to denounce tax evasion, complaining that he rarely hears the subject mentioned in church sermons.

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