Country of the World Monaco
About the country Monaco, its location, size, population, leaders and rulers.
NATIONS AND THEIR RULERS
Size: 73 sq. mi. (1.89 sq. km.) or 465 acres, about half the size of New York's Central Park.
Nestled on the French Riviera east of Nice and a few miles west of the Italian border, Monaco is surrounded on three sides by France and on the fourth by the Mediterranean. Thanks to revenues from the Monte Carlo Casino, the Monegasques pay no taxes on income, inheritance, or personal property. There are no corporate taxes either. All this rankles France, which looks on Monaco as an unfair tax haven. Former actress Grace Kelly has brought Hollywood glamour to Monaco, and she has provided the prince with a male heir. This is especially important to Monegasques because, under the terms of a 1918 treaty with Paris, Monaco falls to France the minute the Grimaldi male line dies out. And that would mean French taxation.
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