"Even the likes of Luxembourg and Monaco have to go after illegal tax avoidance. " Monaco and Luxembourg are not 'low tax' countries. They are 'tax shelters'

"Even the likes of Luxembourg and Monaco have to go after illegal tax avoidance. " Monaco and Luxembourg are not 'low tax' countries. They are 'tax shelters' for foreigners, not for locals. And other things. But you still pay high Euro taxes, VAT and all sort of things like hidden taxes. Source: myself, ex-Monaco resident + worked and stayed in Lux.