I don’t know why you would think tha assessment has any credibility. You aren’t going to know what they have and frankly that isn’t relevant to taxation as we don’t tax wealth.
Why? We don’t assess anyone’s wealth because that’s insanely hard to do and is why every wealth tax that gets adopted eventually gets dropped.
What right do we have to know what a foreign nation, which the Vatican is, has?
Why would you want government workers to decide what is and is not acceptable for a Church? This is literally why the Congregationalists moved to Plymouth.
My point is that, in the US, other organizations that accept charity have to produce documentation detailing their spending. Religious organizations should be held to the same standard.
Because those things are related. If you don’t spend all your revenue, you end up accumulating wealth - that’s profit. Which is directly in contradiction of being a nonprofit entity.
I guess we’ll just pretend the Vatican doesn’t exist
The Vatican isn’t a mega church. Almost no one in Roman Catholicism is using a private jet.
Fine, here then: https://en.m.wikipedia.org/wiki/List_of_wealthiest_religious_organizations
I don’t know why you would think tha assessment has any credibility. You aren’t going to know what they have and frankly that isn’t relevant to taxation as we don’t tax wealth.
We don’t, but civilized countries do.
Would be nice if we had some kind of visibility into that, huh?
Why? We don’t assess anyone’s wealth because that’s insanely hard to do and is why every wealth tax that gets adopted eventually gets dropped.
What right do we have to know what a foreign nation, which the Vatican is, has?
Why would you want government workers to decide what is and is not acceptable for a Church? This is literally why the Congregationalists moved to Plymouth.
My point is that, in the US, other organizations that accept charity have to produce documentation detailing their spending. Religious organizations should be held to the same standard.
Their spending not their wealth yet you brought up wealth not spending.
Because those things are related. If you don’t spend all your revenue, you end up accumulating wealth - that’s profit. Which is directly in contradiction of being a nonprofit entity.