Monaco has never levied income tax on individuals, and foreigners are thus able to use it as a "tax haven" from their own country's high taxes, because as an independent country, Monaco is not obliged to pay taxes to other countries.
Monaco has never levied income tax on individuals, and foreigners are thus able to use it as a "tax haven" from their own country's high taxes, because as an independent country, Monaco is not obliged to pay taxes to other countries