The best museum of Monaco (part 2)
After the death of Albert I, the museum went dead, because the sea was not at all interested in the new owner of the rock of Monaco. Inflation, which swept…

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Roulette is the best gamble
The name of one of the most popular gambling in the world - roulette - gave the French word roulette (wheel). And it is deeply natural. After all, roulette began…

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Rolls-Royce Land (part 2)
Perhaps he is wiser and certainly more romantic than his foreign colleagues: instead of wasting energy on politics, he fervently patronizes everything that enhances the prestige of the principality, making…

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industrialists

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 - a celebration of life
Luxury hotels and casinos, comfortable beaches and yacht clubs, contrasts of antiquity and modernity, as well as European ideas about beautiful life have turned this place into an endless celebration…

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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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Court of Honor
The Honorary Courtyard is considered the former central part of the 13th century fortress. He took on his true architectural appearance during the reign of Honor II. His successor, Prince…

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The best museum of Monaco (part 2)
After the death of Albert I, the museum went dead, because the sea was not at all interested in the new owner of the rock of Monaco. Inflation, which swept…

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