“The principality is proud to show that industrial companies are sprouting on its territory.  Since Monaco – a two-square-kilometers jewel on the French Riviera – suffers from lack of space to accommodate new manufacturing companies, its goal is to attract ‘smart’ companies: research and development centers, engineering offices.  But the new image of Monaco, which was for a long time considered a black sheep because of its lack of transparency, is still clouded by its very attractive financial legislation. It is a haven for its inhabitants, who don’t pay income tax or inheritance tax. That is, with the notable exception of U.S. and also French nationals.”

http://www.worldcrunch.com/business-finance/in-monaco-between-the-real-economy-and-a-tax-haven-black-list/monaco-tax-haven-evasion-fiscal-crisis/c2s12488/

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy