The Principality of Monaco is a historically and geographically fascinating country. The entire area is under a single square mile (0.8, to be precise), yet it has its own semi-sovereign government and, technically speaking, an army.I say semi-sovereign because, by treaty, France has authority over Monagasque foreign affairs and economically dominates it. France maintains an embassy there. It's only 50 meters from the border of France.-via Iain Cameron...
To make sure that Monaco’s French residents can continue to evade taxes?
French citizens livimg in Monaco habe to pay taxes in France. There is some Kind oft treaty vor something.