Wealthy Belgians pretending to live in Monaco hit with €100m tax bill

Pedro Gonçalves
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Wealthy Belgians pretending to live in Monaco hit with €100m tax bill

The Belgian tax authorities are demanding €100m from Belgians who merely pretended to move to Monaco in order to avoid paying tax in Belgium as it launches a tax avoidance crackdown. The special investigations division of the Belgian tax authorities tracked down 147 wealthy Belgians, who reported they were moving to live in Monaco. However, reality shows they had only registered an address that turned out to be a hotel room or a post-box. The investigations unit considers these HNIWs guilt...

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