The God dividend

By Sally Blundell In Commentary

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2nd February, 2008
Wallace isn't a mean-spirited man. He knows city missions rattle their buckets in the streets to raise funds for poverty relief programmes, he's aware some clergy live on a shoestring and that parishioners fill their cake stalls on the smell of an oily apron. What bothers him is that - despite undiminishing poverty and growing secularisation - many churches and religious groups sit on a largely undisclosed stash of property holdings, investment funds and trading revenues as part of a valuable portfolio made all the more valuable by their tax-exempt status as charitable organisations. "Why ...

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