Monthly Archives: April 2017
Dwarf happiness costs huge money
Most citizens, when they say “dwarf,” have a blissful smile on their lips. Still would! Whose heart does not touch the dwarf poodle baby? Who will not be touched by the centuries-old dwarf pine? So is the dwarf state. On its territory, as if in a small casket, all the best was collected on several tens of hectares of land. While traveling by car, you can see all the wonders of the world in just half an hour …
The Principality of Monaco is for those who prefer to wake up in apartments decorated with gold, who are accustomed to tread on carpets made of natural wool, who can not do without immersion in a pool with mineral water, and, finally, for those who can easily do all of the above “Little things” is ready to lay out a tidy sum. 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