Three days in Monaco (part 3)
However, Mireillea is married, and if that gentleman ever finds his Monegasque, he himself will not become a happy taxpayer anyway. Only his children will be recognized as full citizens…

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Monaco Cathedral
Cathedral of Monaco - the main cathedral of the Principality of Monaco was built of white stone, brought from La Turbi. The cathedral stands on the site of an older…

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Monaco relies on extraordinary
For just a few months, a magnificent white building resembling a transatlantic liner will excite the curiosity of the inhabitants and guests of Monaco. The new entertainment complex Ni Box,…

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financiers

About the tax-free system and the construction boom

For the first time, the principality seriously thought about the possibility of a financial catastrophe in the twenties, when the decline of the gaming industry sharply reduced the income of the dwarf state.

Jules Richard – as it turned out, a connoisseur of the local economy – willingly undertook to talk about how the principality managed to get out of a difficult situation.

We sat at the table of a small cafe on the promenade of Monte Carlo. My interlocutor sipped a beer from a tall glass and began like this:

– The prescription drug was found in a law containing two articles: the first one said that Monegasques living in France are subject to the tax system of France, not Monaco; the second article said that the French living in Monaco are subject to the laws of taxation of the principality and do not pay taxes to France. Continue reading

Monaco Hotels
Wealth and diversity are two characteristic features of the hotel sector of the principality. Old palaces are witnesses of a magnificent past and incomparable luxury. Speaking as a symbol of…

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Principality before the Second World War
The principality, which was reduced in size and deprived of resources, was in an extremely difficult financial and economic situation. Raising taxes further was impossible. Back in the 1850s, the…

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The art of appeasing guests
In Monaco, even everyday life is like an eternal holiday. A tiny rocky piece of land at the junction of the Cote d'Azur and the Italian Riviera as a powerful…

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The memory of a trip to Monaco (part 2)
Extraordinary beauty - like this, in ordinary words I express my admiration and joy to the places that have opened up for me. I also remember the photo session near…

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