‘The British have arrived in Monaco in numbers recently. The new wave of British buyers is welcomed by Monaco realestate agents as their funds are more likely to be legitimately earned, while some of the 90’s Russian cash was often a little suspect. ‘Despite the top rate of tax coming down to forty per cent’, says Henri, ‘By the time other direct taxes such as National Insurance are [...] With some clever accounting thrown in, today’s technology enables people to manage their UK business from Monaco in a tax free environment’.
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