Business & Finance
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Readers of Monaco Life will not be surprised to learn that French workers are the most taxed in Europe, although last year the honour fell to Belgium.
French salaries are taxed at 57.5 percent on average, compared to a European figure of 45.2 percent. Figures from the Molinari Institute show that average tax rates in the UK account for just 35.29 percent of income, while the figure for Germany is 52.36 percent. The lowest taxed nation in the EU is Cyprus, where the average rate is 23.85 percent.
The institute argues that high French taxes does not translate into direct improvements in the standard of living, since France is ranked only 22 out of 188 countries in the Human Development Index.
Monaco-based Panthera Solutions has been named ‘Best Financial Service Provider Europe’, excluding banks, by the international magazine The European.
New figures show that the Principality has recorded its ninth consecutive year in the black thanks to an extremely tight economic ship.
The outcome of Thursday’s UK general election will be a key talking point for markets near the end of the week, with a Conservative Party majority largely priced in financial markets.
Monaco-based Anastasios (Tassos) Economou has been elected chairman of the Board of Directors of YPO, a global leadership community for chief executives. It was announced earlier this week that Economou will be the 69th member to hold this office and will succeed current YPO Chairman Elizabeth Zucker. He will begin his term on 1st July 2020. A member […]