“… Andreescu and Auger-Aliassime chose Monaco as their tax haven. The sovereign city-state levies no income tax, no wealth tax, no local tax, no property tax, and no capital gains tax on investments. Just deposit 500,000 euros in a local bank, and show proof of local accommodation (purchase or rental) and voilà — a marginal tax rate on income of 53.31 per cent in Ontario or Quebec is replaced with zero per cent in Monaco. This could be worth millions of dollars for the players.
Canada is a certain medalist in the Joke Country Olympics.
