Monday, 8 December 2008

Divine Wrath Directed at Tax Havens in Vatican Report

Pope Benedict attacks tax havens in a Vatican report - 'They have given support to imprudent economic and financial practices and have also played a significant role in the imbalances of development, allowing a gigantic flight of capital linked to tax evasion,' says the report. 'Offshore markets could also be linked to the recycling of profits from illegal activities.'

Does this mean good Catholics should abstain from investing offshore?

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