Business & Finance
Behind the boom: What fuelled Monaco’s job market surge in 2024
More than 3,000 jobs were created in Monaco in 2024 – a remarkable figure for a territory smaller than London’s Hyde Park. But what’s really behind this burst of economic energy?
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Tougher new rules for tax advisers
The UK’s tax collectors have new powers from January 1 to “name and shame” professional advisers who enable tax evasion. Advisers will be liable for fines of up to 100 percent of the tax...
Monaco still top of the prop
The latest Knight Frank Prime Global Cities Index has reconfirmed Monaco as having the most expensive real estate worldwide. The top-end agency reports that $1 million (€954,000) buys only 17...
Bank accounts become more expensive
Two more German banks are to introduce negative interest rates for clients with large deposits. From April 1, Stadtsparkasse of Munich will introduce a negative rate of 0.4 percent for customers with...
Monaco a “magnet” for Australian funds
Australia’s anti-money laundering and counter-terrorism agency, Australian Transaction Reports and Analysis Centre (AUSTRAC), has named Monaco as one of the destinations for money transfers that...
Mixed results for third quarter
IMSEE, Monaco’s statistical office, has reported mixed results for the third quarter of 2016. While overall revenues, excluding financial and insurance activities, declined over the period, the...
HMRC tries new tactic
The UK tax authorities have announced a consultation period on plans intended to limit the number and efficiency of complex offshore arrangements that aim to bring tax advantages to UK taxpayers....
