June ’26: Is zero tax worth the hassle?

Monaco I was lucky enough to go to Monaco for the F1 in June. Something I feel quite strongly about and have written about before on this blog is how strong the monkey brain wiring is for us all to peg ourselves off the next rung up on the ladder. No matter how high up on the ladder we are ourselves, we instinctively compare ourselves to people who are ‘above’ us – i.e. “I’m not that rich, because I am not as rich as [X]”. I’ve argued before that we all know somebody doing 2x as well as us. Monaco’s F1 was one of those ‘look at what’s above you on the ladder’ moments. And there are a lot of people who give the appearance of being a few rungs up on the ladder. I couldn’t help but do a bit of quick research on the practicalities and advantages of moving to Monaco (the ‘sunny place for shady people’). My net worth is such there would be some clear advantages. My immediate conclusions were as follows: The tax arrangements look pretty attractive! There are no direct personal taxes – no…