Three days in Monaco (part 2)
Have you rented the latest Renault model with French numbers? Respect does not wait, it’s better to walk. However, walking here is not dangerous: cameras are installed on the streets of Monte Carlo – police officers are watching day and night for every corner of the tiny state.
Hotel de Paris in Monte Carlo So that every defenseless lady in her luxurious fur coat and impossible diamonds can easily walk from the casino to her hotel, carrying a big win in her purse. (Although, as practice shows, even ubiquitous cameras do not save from apartment thefts. However, this is the scourge of the entire Cote d’Azur.) Previously, Russians valued Monaco primarily for Monte Carlo street, where the casino is located. In the casino, one of the few in Europe at the end of the 19th century, everyone rushed, starting with Chekhov and Prince Sumbatov, better known as the actor and playwright Yuzhin. Continue reading
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