Corporate Structure COSRECI Featured

Complex web of Scientology corporations exposed

Following a lengthy investigation, Scientology Business has uncovered a complex web of corporations and shell companies used by the Church of Scientology to mask its multi-million dollar UK operations. Primarily functioning through the Australian-registered Church of Scientology Religious Education College Inc [continue reading…]

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…]

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…]

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…]

Corporate Structure COSRECI Featured News Tax Exemption

How Scientology Failed to Obtain Tax-Exempt Status in the UK

Scientology operates in the UK under an entity known as COSRECI, or Church of Scientology Religious Education College, Inc, which is an Australian-registered Charity that operates exclusively in the UK. The entirety of Scientology’s UK activities operate through COSRECI, including its [continue reading…]

COSRECI Featured Finances News

Scientology’s 2022 UK Financial Documents

Last month Scientology’s UK corporation known as the Church of Scientology Religious Education College Inc (COSRECI), filed their latest accounts with the Australian Charities & Not-for-profits Commission. The filings reveal an overall annual income of $26,562,014, up $3 million on the [continue reading…]

Corporate Structure COSRECI Featured Finances

Scientology’s UK Corporate Structure

Despite receiving religious recognition and IRS tax exemption in the US, the Church of Scientology was denied charity status by the UK Charities Commission in 1999. This means Scientology’s UK operations are taxable by HM Revenue & Customs and the organisation [continue reading…]