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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: 49thMIMOMander who wrote (67300)	1/13/2003 4:37:22 AM
From: zonder	Read Replies (1) \| Respond to of 70976

I read your post three times, and frankly, do not know what you are really saying. EU is and will "deal" with Monaco in a constructive way.. What do you mean? That is, within the long term project of replacing tax-evasion,etc with some more productive local economies, If Monaco does enter the EU, you mean. Besides, what "productive local economy"? This is a country with 1.9 km sq land area, almost all of which is on steep hillside. EU is annoyed at Monaco being a quasi-tax haven but there is not much they can do about it, since Monaco is under no obligation to conform with the EU for now. Question, does Monaco have some "legal" importance, like Jersey, in that their laws for corporations are more "well known, predictable" than those of other tax-friendly nations, less chance of changes, elections,etc... I am not going to claim I fully understand what you are asking here, but it sounds like you are asking if it is a favourable business environment for corporations? Probably not - due to excessive rent (think Manhattan), small population, etc. There are only banks and luxury stores here, basically, and that is because there is so much money and so many rich people willing to invest and/or spend it.