Religion Editor, Paris
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via FaithWorld

Capital gains mean church losses in new German tax twist

Photo

(The Cologne cathedral,  October 16, 2005. REUTERS/Ina Fassbender/)

A change in Germany’s capital gains tax has prompted an exodus from its Catholic and Protestant churches this year as thousands of registered members quit their parishes rather than pay the money.

Dioceses in both churches have reported in recent weeks that the number of members deserting them has jumped compared to last year, often by 50 percent or more, as banks prepare to withdraw church tax at source for capital gains from January 1.

Aug 25, 2014
Aug 25, 2014