Monaco news

Prince Albert confident over tax appeal

April 15, 2013
By Andrew Scott
Prince Albert of Monaco has told Le Parisien he is confident that the principality's football club will win their appeal against the passing of a new rule that threatens to bring an end to their financial advantages.

An agreement dating back to 1869 means Monaco, currently top of Ligue 2, can employ a foreign player without him having to pay income tax, and thereby pay significantly higher wages than their French counterparts, who are subject to harsher tax laws.

Although French ...

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