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Author Topic: Charlene 2021 - News & Events  (Read 27971 times)
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Celia

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« Reply #120 on: June 11, 2021, 01:36:05 AM »

I'm also curious about that. I thought every royal family was funded by tax payers.

A lot of it has to do with the arrangements they've made with the government.  The UK family as well as the Civil Service and the Military used to be funded by the Crown Estate, but George III made an arrangement that the government would get the lion's share (public costs) in return for an allowance for his own expenses.  Technically the British taxpayer doesn't really fund the official business of the Royal Family --the Crown Estate/Civil List revenues do.  Yes, yes, there are still some costs borne by the government (like security), but it's peanuts.

The Monaco situation is different.  It's a tax-haven, so no income tax to its citizens, but the head of state is a part-owner of the casino operating company.  So he makes bank.
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anneboleyn

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« Reply #121 on: June 11, 2021, 03:44:03 AM »

Wow! I had no idea. Thank you so much for sharing.
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Cordelia Fitzgerald

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« Reply #122 on: June 11, 2021, 04:54:51 PM »

Wow! I had no idea. Thank you so much for sharing.

Ditto!  I always love it when Dishers take the time to educate us!  Smiley
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anneboleyn

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« Reply #123 on: June 11, 2021, 05:24:21 PM »

Wow! I had no idea. Thank you so much for sharing.

Ditto!  I always love it when Dishers take the time to educate us!  Smiley

Right? This board is full of so many knowledgeable people and they all have different areas of expertise.

I still think Cyril should write a book!
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Isabel

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« Reply #124 on: June 13, 2021, 09:11:01 AM »


I don't like her military crop hair but trying to be fair to her, she is doing her own stuff.  Monaco is pretty much in the hands of Albert and their marriage is their own affair.  They are not accountable to tax payers (what tax payers?) and they can do as they like.  No one knows the reality of their marriage except them.



I don't know much about the workings of this country/family so I'm curious about the bolded part...are they self-funded?  Or do the residents of Monaco not really care what they do?

They are totally sel-funded.  Since 1869 Monaco residents do not pay income tax.  They also don't pay capital gains, wealth tax or property taxes.  It's a true fiscal paradise in the heart of Europe.  They gain their money from business who also don't pay taxes on dividends on local stocks.  Albert and their family can do what they want because no one wants to change the status quo - you need to be very wealthy to become a Monaco resident.

There is a wealth of information about Monaco fiscal policies on the net if anyone wants to find them.
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