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Prince Albert II of Monaco faces rebellion over tax haven reforms - Telegraph
His 32,000 well-heeled subjects have generally been among the most loyal of any royal ruler's - not least for tax reasons.

But while the Riveria may not quite have the whiff of revolution, Prince Albert II of Monaco seems to be losing favour with the Ferrari-driving, casino-going, yacht-owning "commoners" over whom he rules.

The statelet's playboy ruler, known officially as his Serene Highness, is facing a "declaration of war" over the way he has dealt with international pressure to tighten Monaco's opaque tax rules. Residents, who effectively cede political authority to him in exchange for paying zero income tax, have accused his government of an "astonishing" failure to consult on what they regard as the key issue for the "future of the country".

by Fran on Sun May 10th, 2009 at 02:16:38 PM EST
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