Low taxes have drawn many foreign companies to Monaco and account for around 75% of the .748 billion annual GDP income in (2011).
Similarly, tourism accounts for close to 15% of the annual revenue, as the Principality of Monaco also has been a major center for tourism ever since the famed Monte Carlo Casino, which was established in 1856.
Another expat's take on "A Good Night Sleep in Jakarta ? " Indonesian Vice President Boediono, has triggered a national debate by saying publicly something some Indonesians are whispering privately: Mosques need to dial down the volume on their daily calls to prayer. Boediono, who like many Indonesians goes by only one name, on Friday called on the Indonesian Mosque Council to issue a regulation on the noise levels for loudspeakers used by muezzins to belt out calls to prayer, known as azan.
“We are all aware that the azan is a holy call for Muslims to perform their prayers, but I, and probably others, feel that the sounds of azan that are heard faintly from a distance resonate more in our hearts that those that are too loud and too close to our ears,” he said in a speech opening the council’s annual conference.
One caution before signing your housing contract on a new house.
Go to the proposed new residence at the time that the call to prayer is broadcast through loudspeakers from the adzan at the mosques surrounding your neighborhood.
The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service.
Banks operating in Monaco traditionally specialize in private banking, asset and wealth management services.
An economic and customs union with France governs customs, postal services, telecommunications, and banking in Monaco. Now part of the Eurozone, but not the EU, Monaco mints its own euro coins.
All residents pay tax in the form of 19.6% value-added tax on all goods and services.
If you've already signed the housing contract, here are a few suggestions to help you survive the noise: Please do NOT go to the mosque in a confrontational mood demanding that they turn down the loudspeakers. The people that go to your neighborhood mosque are your neighbors.
An attitude of neighborliness will go a long way in resolving the issue.