Cologne archdiocese discloses assets of over $3.8 billion
February 18, 2015
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The Archdiocese of Cologne, Germany, has reported financial assets of €3.5 billion ($3.82 billion) in a first-ever public accounting of its wealth.
The Cologne archdiocese has long been considered the wealthiest in Germany, where the Catholic Church profits from the “church tax” added to the regular tax bills of all registered believers.
In 2013, the Cologne archdiocese collected €573 million through the church tax, and operated at a €59 million surplus.
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