Business & Finance
Bernard Arnault acquires legendary Cap Estel in Èze for €200 million
Bernard Arnault, CEO of LVMH, has acquired the legendary Cap Estel in Èze through his holding company Groupe Agache, in a deal worth an estimated €200 million.
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Monaco property buyer younger and non-European, says report
The typical buyer profile of Monaco homes is in flux, skewing younger, and leaning toward non-Europeans, according to a recent report by Knight Frank. Buyers from China, the Middle East, and Russia...
Monaco’s cross-border tax agreement approved
The European Council has approved the conclusion of an agreement with Monaco that will improve tax compliance by private savers, according to a press release from the Council. The agreement will...
Pound takes a dive, expats feel the hit
The dramatic fall in the value of the British pound, which started just after the Brexit vote on June 23 and picked up speed over recent days – plunging to a 31-year low against the USD in Asian...
Ireland blacklisted as tax haven
Ireland has been added to a ”blacklist“ of tax havens by the Department of Federal Revenue of Brazil just weeks after the European Commission ordered Apple to repay €13 billion in back taxes to...
Reassurance from reinsurance at the Fairmont
Reinsurance firms meeting in Monaco this week at the 60th edition of Les Rendez-vous de Septembre believe that premiums will more or less stabilise in 2016 after five years of decline. The $600...
Tax bonus for French middleclass
The French government is still promising a tax bonus for the middle classes, to be announced later this week, although the state’s generosity appears to have been subject to downward adjustment....
