Featured Finances Government News Tax Exemption UK

HMRC responds to Diane Abbott’s call for UK Scientology fraud investigation

The Chief Executive of HM Revenue and Customs, the UK’s tax office, has responded to former Shadow Home Secretary Diane Abbott’s request for an investigation into the Church of Scientology’s finances after she cited concerns over their “history of fraudulent activity internationally”.

Europe Featured Finances Lawsuits

Scientology executives charged in $1.7 million fraud scandal

The Church of Scientology is facing seizure of its assets in Hungary after prosecutors charged eleven executives and finance personnel with fraud in a $1.7 million tax evasion scandal. Following a lengthy investigation into Scientology’s activities by Hungary’s National Tax and Customs Administration, the Chief Prosecutor’s Office filed charges against Scientology yesterday, alleging a cover-up scheme to avoid paying tax on the sale of books and courses over the years 2012-2017.

COSRECI Featured Finances News

Scientology fraud: UK bank responds to criticism

Scientology’s UK bank NatWest, which was fined £264 million in 2021 for failing to prevent money laundering, has issued a statement after allegations emerged of the Church engaging in credit card fraud.

COSRECI Finances News

Video: Chris Shelton & Apostate Alex discuss Scientology’s shady finances

Former Sea Org executive Chris Shelton today released an insightful interview with Scientology Business editor Apostate Alex discussing Scientology’s financial records, tax exemption and fraud.

COSRECI Featured Finances

10 years of Scientology’s UK Financial Accounts

Since being rejected by the Charity Commission in 1999, Scientology has operated in the United Kingdom through an Australian-registered charity called COSRECI (Church of Scientology Religious Education College, Inc). As such, their revenue is considered ‘foreign income’ and is exempt from [continue reading…]

Finances

Money Motivated: A history of Scientology’s financial schemes

The Church of Scientology has been engaged in numerous financial schemes for well over 50 years. With the ‘Bridge to Total Freedom’ costing parishioners anywhere from $250,000 to $1 million, staff members operate under constant pressure to develop strategies that generate [continue reading…]

Corporate Structure COSRECI Featured Finances Tax Exemption

Scientology’s $100 million DEBT Problem

Recent financial filings with the Australian Charities & Not-for-profits Commission (ACNC) paint a worrying financial picture for Scientology’s UK operations. Operating through an Australian-registered entity known as COSRECI (Church of Scientology Religious Education College, Inc), Scientology are required to file annual [continue reading…]

COSRECI Finances

Numbers Don’t Lie: Evidence Scientology is Shrinking in the UK

In the United States, due to it’s IRS tax exempt status Scientology’s finances are somewhat protected from public scrutiny. Fortunately for us, the same is not the case in the UK, where Scientology operates through an Australian-registered charity called Church of [continue reading…]

Corporate Structure COSRECI Featured Finances Tax Exemption

Scientology’s UK Shell Companies

In the United Kingdom, Scientology operates through an Australian-registered charity named Church of Scientology Religious Education College, Inc. (COSRECI). However, when they applied (and were rejected) for charity status in 1999, they did so under another entity, Church of Scientology (England [continue reading…]