Walking Around Monaco pt2

Watch with headphones :)

https://drive.google.com/open?id=1vf0V1fXYfHVwd2yJIPjLnnj3lyfmdLJv&usp=sharing

In this video I take you on a tour of Monaco. In the video I walk past the famous Casino Monte Carlo. It is very interesting to people watch when you are in Monaco. Walking around the tax haven microstate reminds you just how wealthy some people are. Because Monaco does not have income tax, many of the world's richest people choose to make Monaco their official residence. This way they can make millions (or even billions), and legally pay 0% income tax. The US government is one of the only governments to require citizens to pay tax regardless if they live overseas (which is great otherwise everyone would "live" in these types of tax havens), so as a US citizen you would still have to pay US federal income tax if you lived in Monaco.

To benefit from Monaco's tax laws you must be an owner of property in Monaco. This has led to housing prices in Monaco to skyrocket. A modest one bedroom apartment in Monaco can cost upwards of $1 million.

Видео Walking Around Monaco pt2 канала Alexander John Lee