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A recurring issue Monaco encounters with other countries is the attempt by foreign nationals to use Monaco to avoid paying taxes in their own country. [224] Monaco actually collects a number of taxes including a 20% VAT and 33% on companies unless they make over 75% of their income inside Monaco. [ 224 ]
Monaco became surrounded by France, when the Kingdom of Sardina ceded the County of Nice to France in the Treaty of Turin (1860). The next year, in 1861 The Kingdom of Sardinia became a part of the Kingdom of Italy. Monaco had been a Protectorate of Sardinia, and managed to survive these changes, avoiding integration with France or Italy.
A country adjective describes something as being from that country, for example, "Italian cuisine" is "cuisine of Italy". A country demonym denotes the people or the inhabitants of or from there; for example, "Germans" are people of or from Germany. Demonyms are given in plural forms.
The word "country" is also used for the sense of native sovereign territory, such as the widespread use of Indian country in the United States. [11] The term "country" in English may also be wielded to describe rural areas, or used in the form "countryside." Raymond Williams, a Welsh scholar, wrote in 1975: [12]
The foreign policy of Monaco is one illustration of this accord: France has agreed to defend the independence and sovereignty of Monaco, while the Monegasque Government has agreed to exercise its sovereign rights in conformity with French interests, whilst at the same time maintaining complete independence.
Monaco lies on the northern coast of the Mediterranean and is surrounded by France. It has the highest life expectancy at birth of any country, 89.4 years (2017 estimate). [2] Monaco is often regarded as a tax haven, and many of its inhabitants are wealthy and from foreign countries (including France), although they are not a majority. [3]
Association Sportive de Monaco Football Club, commonly referred to as AS Monaco (French pronunciation: [ɑ.ɛs mɔnako]), is a professional football club based in Fontvieille, Monaco. Although not in France, they are a member of the French Football Federation (FFF) and currently compete in Ligue 1 , the top tier of French football .
The sovereign prince (French: prince de Monaco) is the monarch and head of state of the Principality of Monaco. All reigning princes and princesses have taken the name of the House of Grimaldi. When Prince Rainier III died in 2005, he was Europe's longest reigning monarch. [1]