Like many other businesses, therefore, the Mormon Church uses tax avoidance schemes to further reduce their tax burden. After all, there is little publicity value in quietly giving back to Caesar what is Caesar’s so he can build roads and schools and take care of the poor and the needy. No, that is socialism, Satan’s plan.
Much better to go the Panama route, as was recently pointed out on Reddit. Name a random tax haven and odds are there is a Mormon presence there, however small. In fact, as the table below shows, the odds are two to one:
|Mormon presence in tax havens across the world, as identified by the European Union in 2015 (source).|
With absolutely no transparency, accountability or oversight – churches are often exempt from those too – the Panama Paper revelations are likely to be the tip of the iceberg.
While tax avoidance schemes are legal, they are increasingly seen as immoral. And while the Pope has been on record for a number of years now as wanting to chase the money-changers from the temple, the Mormon Church is, once again, found out on the wrong side of the issue.