Neville Rocco - wasmormon.org

Ensign Peak Advisors Withdrawls, Religious Tax-Exemption, And Lack of Charitable Work

It is not charity to aid a business enterprise... Ensign Peak Advisors (EPA) has operated a for-profit securities investment business that (a) used none of its $100 billion for any religious, charitable, or educational purpose, and (b) made distributions to only two recipients, in each case to for-profit activities that are “private” interests. Distributing or transferring a combined $2 billion for an insurance company (Beneficial Financial Group) and a shopping mall (City Creek Center) clearly conflicts with EPA’s requirement to operate for religious, charitable, or educational purposes. Either of these facts is sufficient, by itself, to defeat tax-exempt status for EPA. - David Nielsen, former Senior Portfolio Manager, Ensign Peak Advisors, Memorandum regarding Ensign Peak Advisors submitted to the U.S. Senate Finance Committee | wasmormon.org

The Ensign Peak Advisors controversy centers on the Church of Jesus Christ of Latter-day Saints, or rather the Corporation of the President of the Church of Jesus Christ of Latter-day Saints, doing business as The Church of Jesus Christ of Latter-day Saints, using a tax-exempt investment fund to manage hundreds of billions of dollars derived …

Continue reading “Ensign Peak Advisors Withdrawls, Religious Tax-Exemption, And Lack of Charitable Work”

Does Tithing Break the Poverty Cycle?

“We preach tithing to the poor people of the world because the poor people of the world have had cycles of poverty, generation after generation. That same poverty continues from one generation to another, until people pay their tithing.” - President Russell M. Nelson | Special Devotional, Nairobi, Kenya, Monday, April 16, 2018 | wasmormon.org

The cycle of poverty is a vicious trap where a parent’s poverty affects the lives of their children. Families in poverty often have limited resources, which makes it difficult to escape. Some examples of self-reinforcing disadvantages that can trap families in poverty include: Lack of financial capital, Lack of education, Lack of connections, Poor health, and Low working …

Continue reading “Does Tithing Break the Poverty Cycle?”

Let’s Go Shopping – City Creek Center and Tithing

“Let's Go Shopping!” “We’re so pleased to join in inviting the world to come to downtown Salt Lake City... Everything that we see around us is evidence of the long-standing commitment of The Church to Salt Lake City. Downtown, thanks to so many, is indeed rising.” - President Eyring spoke on behalf of the church during the ribbon-cutting ceremony officially opening City Creek Center. Church President Thomas S. Monson, second counselor President Dieter F. Uchtdorf and the Presiding Bishopric were also in attendance. | wasmormon.org

City Creek Center is a large, upscale shopping center in downtown Salt Lake City, Utah, that opened in 2012. It spans over 20 acres and features retail stores, restaurants, office spaces, and residential units. The development is notable for its retractable glass roof, pedestrian sky bridge, and an artificial creek running through the property, making …

Continue reading “Let’s Go Shopping – City Creek Center and Tithing”

The Mormon-Canadian-BYU Billion Dollar Tithing Funnel

The church is taking away the government's ability to fund health care, and education, and provide other essential services. They've done it at the expense of taxpayer dollars. There's definitely been a change in [my] perspective. The church teaches that the temple should always be a focal point in your life. The temple has become a physical reminder of greed for me. - Nigel Kennet, a Canadian accountant, was working on the books of a church of a different faith, when he saw how much their members gave to charity. So, he looked into the Mormon's books, and was stunned by where their donations were going. - The Fifth Estate, October 27, 2022 | wasmormon.org

Investigation reveals more than $1 billion raised by the Mormon church in Canada has been funneled to the U.S. rather than going to charitable works in this country. We hear from former members in Canada and elsewhere who say concerns about how money is spent have led them to leave the church. – The Fifth …

Continue reading “The Mormon-Canadian-BYU Billion Dollar Tithing Funnel”

It makes me feel pretty nauseous, to be quite honest, because although it's good to see a church investing funds in blue chip investments, that has to be balanced against how those funds could be used to benefit the lives of individuals and families. Even if it were only individuals and families within the church, a lot of people who are suffering could have their suffering alleviated if instead instead of diverting those monies into investment, they invested in individuals and families. - Neville Rocco, Australian Barrister, Former Mormon, Bishop, Free-thinker - The Fifth Estate, October 27, 2022 | wasmormon.org — It makes me feel pretty nauseous, to be quite honest, because although it's good to see a church investing funds in blue chip investments, that has to be balanced against how those funds could be used to benefit the lives of individuals and families. Even if it were only individuals and families within the church, a lot of people who are suffering could have their suffering alleviated if instead instead of diverting those monies into investment, they invested in individuals and families. - Neville Rocco, Australian Barrister, Former Mormon, Bishop, Free-thinker - The Fifth Estate, October 27, 2022

Why does God, God of Miracles, require all this money? With its preponderantly corporate structure, what else is it going to do? It's going to bring money in like a vacuum cleaner, to benefit the shareholders. That's what it does. When you join the dots, this seems to be a pattern of behavior that doesn't really favor the church very well in how it looks as a church. - Neville Rocco, Australian Barrister, Former Mormon, Bishop, Free-thinker - The Fifth Estate, October 27, 2022 | wasmormon.org — Why does God, God of Miracles, require all this money? With its preponderantly corporate structure, what else is it going to do? It's going to bring money in like a vacuum cleaner, to benefit the shareholders. That's what it does. When you join the dots, this seems to be a pattern of behavior that doesn't really favor the church very well in how it looks as a church. - Neville Rocco, Australian Barrister, Former Mormon, Bishop, Free-thinker - The Fifth Estate, October 27, 2022

Mormon Church Ripping off Millions of Dollars from Australia

“Accusations of lightening the pockets of the Australian tax office by 400 million dollars. The church's members claim very generous tax benefits, while other religions in Australia go without. It's alleged the Mormon books are actually being cooked in a massive tax dodge. Handed out on doorsteps around the world, [The Book of Mormon] promises to answer all of life's great questions. But we're throwing open a set of books the Mormons would rather nobody reads – their financial books.” - Mormon Church Accused of Ripping Off Taxpayers by Millions, 60 Minutes Australia | wasmormon.org

The Mormon church wants everyone to read the Book of Mormon, but it will do nearly anything to keep anyone from reading their financial books. 60 Minutes Australia did some investigative reporting and alleges that the Mormon church is ripping off hundreds of millions of dollars from the Australian government in tax evasion. In many …

Continue reading “Mormon Church Ripping off Millions of Dollars from Australia”

Tag Archives: Neville Rocco

Ensign Peak Advisors Withdrawls, Religious Tax-Exemption, And Lack of Charitable Work

Let’s Go Shopping – City Creek Center and Tithing

Subscribe

Thank you for subscribing!

Profile Details