How does the economic system of Monaco work?

The main industries in Monaco are banking and finance, gambling and tourism. There is no income tax but the government does levy corporation tax, significant social insurance costs and a high rate of VAT (sales tax). read more

This is an overview of the economy of Monaco. Monaco, situated on the French coast of the Mediterranean Sea, is a popular resort, attracting tourists to its casino and pleasant climate. The Principality has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. read more

Monaco has its own local political groups that are not a part of the French political system and include the National and Democratic Union (UND), the Campora List, and the Medecin List. The most crucial political issue in Monaco is, understandably, its bilateral relation with France. read more