How Does Monaco Make Money Without Tax
Monaco, a tiny principality on the French Riviera, is renowned for its astonishing wealth and luxurious lifestyle. But have you ever wondered how this haven manages to thrive without imposing any income tax on its residents? The secret lies in its booming economy fueled by tourism, the banking sector, and a strategic real estate market. These sources generate substantial revenue, ensuring that the principality remains a financial powerhouse without burdening its citizens.
