Tax Havens, Millionaires' Hell-holes and Escaping

November 29, 2002 2:34 AM

Millionaires' Havens, Heavens And Hell Holes:Ghastly, depressing Monaco comes in for a deserved drubbing from Philip Delves Broughton in this week's Spectator. The idea of billionaires surfing the Web looking for a hide-out makes me giggle and gag, but it appears poor people can play too. Have a look at (free!) e-zine Escape From America; run your index finger down a list of tax havens and choose the paradise place you'd scarper off to, if your money problems, whether from excess or lack of money, ever become too [sorry...] taxing.
posted by MiguelCardoso (9 comments total)

It seems to me that Monaco's only real claim to fame these days (besides it's wayward princessess) is the hosting of 2nd rate award ceremonies.
posted by PenDevil at 2:48 AM on November 29, 2002

The really useful resource in this regard, of course, is the LowTax Network, which offers not only tons of information on various jurisdictions but also a daily updated newswire at tax-news.com.

As one of those horrible capitalist bastards who sees tax evaders in the same way as people who manage to escape from being mugged in a dark alley, I love Monaco, although I much prefer Paradise Island (in the Bahamas).
posted by dagny at 2:56 AM on November 29, 2002

PenDevil, surely you're familar with the Monaco F1 Grand Prix, only one of the biggest and most famous racing events in the world?
posted by dagny at 3:01 AM on November 29, 2002

Nope. Gotta be Sealand.
posted by adamgreenfield at 3:25 AM on November 29, 2002

dagny: Alright I forget that, but one weekend a year is not gonna save this place's character.
posted by PenDevil at 3:54 AM on November 29, 2002

I won a competition to Monaco once. It involved a helicopter ride to my top hotel, a meal in one of the classiest restaurants in the world and £500 to gamble in the casino. Despite this, the highlight of the holiday was a day trip to the 'real' world of France. Monaco's a bit toy town.
posted by Summer at 4:03 AM on November 29, 2002

My millions are being secretly diverted to the Cayman islands , where I can dally in Jamaican rum, Cohibas, and live in a Winslow Homer watercolor.
posted by hama7 at 4:24 AM on November 29, 2002

Americans don't run to Monaco. They do like O.J. did and run to Florida.
posted by mr_crash_davis at 8:25 AM on November 29, 2002

Happy Chanukah, all!
posted by MiguelCardoso at 8:41 AM on November 29, 2002