In Monaco there's no income tax. And it's not the only country in Europe without income tax. In Estonia the marginal tax rate is 21%. In the US it's 35%+ ? > F

In Monaco there's no income tax. And it's not the only country in Europe without income tax. In Estonia the marginal tax rate is 21%. In the US it's 35%+ ? > From what I know, it's hard to fire underperformers in most of Western Europe. That's typical in places like France, Spain, Italy. But as my fellow Dane tries to say in his article: don't generalize and think it's the same everywhere :)