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Monaco is a tiny, sovereign microstate on the French Riviera that has achieved the world's highest GDP per capita by converting its political autonomy into a premier global hub for wealth. Lacking natural resources, the principality historically built its economy on luxury tourism and elite gambling through the famous Monte Carlo Casino. In 1869, it abolished personal income tax, transforming the country into an ultra-luxury tax haven that continuously attracts billionaires, celebrities, and rob
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