Secretariat for the Economy Archives - Page 5 of 6 - Crux



  • Vatican advances financial clean-up with Italian tax deal

    Vatican advances financial clean-up with Italian tax deal

    • Oct 17, 2016

    As part of Pope Francis’s ongoing financial clean-up operation at the Vatican, the Holy See and Italy have entered into a new agreement that requires all individuals and entities with accounts at the so-called ‘Vatican bank’ to report income for Italian tax purposes.

  • Vatican’s old guard may have notched a Pyrrhic victory

    Vatican’s old guard may have notched a Pyrrhic victory

    • Jul 10, 2016

    On Saturday, Pope Francis issued an edict restoring several financial powers to the Administration of the Patrimony of the Apostolic See (APSA), taking them away from Australian Cardinal George Pell and his Secretariat for the Economy. With power, however, also comes the blame if something goes wrong.

  • Pope Francis recalibrates financial powers inside the Vatican

    Pope Francis recalibrates financial powers inside the Vatican

    • Jul 9, 2016

    Pope Francis on Saturday issued a legal decree intended to create a clear distinction between administration of the Vatican’s financial resources and oversight of that administration. Politically, the result is seen as trimming the powers of Australian Cardinal George Pell and his new Secretariat for the Economy.