How do countries that don’t charge income tax eg Monaco, Cayman Islands pay for things that tax pays for in other countries eg roads, bridges, military, government buildings, etc

Question

How do countries that don’t charge income tax eg Monaco, Cayman Islands pay for things that tax pays for in other countries eg roads, bridges, military, government buildings, etc

In: 5

Answer 1

They’re called tax heavens for a reason. Rich people give them money. So that’s how they can pay for everything.