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A comment on What it's like to live in Monaco. Parent comment

Re:What it's like to live in Monaco by abigail95 on Friday December 09, 2022 @11:57AM (#33923565)
This is sick. Just because I live in Singapore and pay about 20% income tax and zero corporate tax, I"m apparently degrading the working class lifestyle?

Why does Singapore have better infrastructure and governance than your country? With no natural resources and no land.

You cannot buy your way out of bad governance. If you want a better "lifestyle", elect a better government, the tax rate paid by people in foreign countries has nothing to do with it.

[ Parent | on HN ]
Re:What it's like to live in Monaco by Gustomaximus on Saturday December 10, 2022 @11:09PM (#33939983)
Singapore is taking from other nations. Are you familiar with double Irish? Load of companies do this to run their business in one location and pay lower tax in another.

https://en.m.wikipedia.org/wiki/Double_Irish_arrangement

Also FYI most companies in Singapore pay 17% tax, not zero.

And you ask why singapore has good infrastructure, well ~$70k per capita GDP helps these things.

[ Parent | on HN ]