Show -- ' - ' - -- s-- - AI ''''''AJ- r- ‘ - a ' :' 2 ' 1":-1- ) 1''11' ' ' ' '1 --- s f 111 tilill --yr - r- "I' orr — - '' IN ttikt omo147:7-1-7-- if - 0) sz maw - ) : - -- - 5) V) - Iro:"1" dil — 4: 611' :: IriPJ 7b t-A 1:4 lot- - ''' T It e- - - tool 1Iiild f1 -- '100' ?1001 01100 ko i 1 - 1111' 1 - - 1 - s4(4) If& 4 ' - IP '''' A qv 4111 - :- - Z "' 4 " I 16 ' — i 411ilfil U 01-21111- 4 4Nfrlijk - ('-'- I i '4112)1111k‘ -- --- 1117 t - I 0) 410v 'AV 011 ' - - : AI ' 191-Ntitrii- AnInem ''1- 40401 r?r ' Ilk i'Aft cr'cuposIllhow14 1I 4 4 ill '' iarb yil It Ittel 014'1114Toi° w 7 es waloseettwalsmagolsomonaistottato0 - LI : 14 41141Witl A ' lt 1:' N Nigt to iiii gli r ! : e- - - alk 0- - 1 0) -- A NN - --- !‘ ' teitiookiSati4of 01 UNDER its new management Monaco sees boom time ahead A-e - - MONTE CARLO: advertised TAX DODGERS' PARADISE in the United States because our Attorney General was asking the same time- tion a number of other people have asked: -How does he do it?" The mystery mans fortune is estimated at $300000000 and he makes no mystery of the fact that he does not like income taxes To avoid the nasty things he moved the headquarters of his shipping company (world's largest privately owned fleet) to Monte Carlo The people of Monaco especially those who handle the public finances hope he is the first in a long line er MONACO CARLO Anybody who wants to duck taxes can just move to Monaco where a mysterious multimillionaire has taken over Residents can make all they want pay nothing — unless they visit the Casino luxury gambling NIONTE of Europe is making one massive effort to lure back the millionaires gold-plat- ed who have deserted it since World War II If the effort is a success Monte Carlo will flourish again this time as the center of the world's long-tim- e biggest tax dodge Seventy years ago this place started out with a bare seaside rock a superb climate and a single idea: that rich people liked to play roulette The idea was a profitable one The wealthy aowded around the gaming tables and the rock was transformed palm-shad- ure dome with into a palace-studd- the Casino minting grass-carpet- pleas- rrioney Now that gambling the sole major industry here no longer attracts the accustomed crowds monied men and women Monte Carlo is banking its future on a new idea — that rich people clool like to pay income tax If businesses or individuals set up house here they won't be asked to pay income tax because in this country there is no income tax Foreigners both individual and corporate who establish residence here join the nation's nationals under the benign sovereignty of His Most Serene Highness Rainier Louis Maxence Bertrand Prince of Monaco Monaco including the town of Monte Carlo is an independthe ent nation of 370 acres about one-ha- lf size of New York's Central Park with its own of t by Blake Ehrlich of affluent He Started the Seem Ii WAS aDOW after his appearance last year that the apartment and office buildings began to mushroom and investors who had been looking on declining Monte Carlo with fishy eyes began unlocking their strong boxes When Onassis first arrived to shop for office space the only likely building was the old Winter Sporting Club It belonged to the Continued on page 25 flag budget postage stamps diplomatic corps and gaudily uniformed gendarmerie The Prince is the last monarch in the Western World to rule by divine right His family the Grimaldi is the oldest European dynasty still in business Among the beautiful old traditions the Prince maintains in his picturesque realm is the absence of any tax house the hoped-fnew influx of The Rich who will by maintaining residence in Monte Carlo escape the legal clutches of the internal-revenu- e men of their native lands Brochures pouring out of the Monaco publicity bureau these days point out the southern exposures and the hot and cold running everything but reserve their largest type to announce: No or 4 - - INCOME TAXES Now lissillings Iviwywissite moment the Principality sliced out AT THIS of a stony strip of the French Riviera near the Italian bonier is loud with the optirnistk sound of concrete mixers The splendid mansions built as winter homes by the Grand Dukes and the Earls of an earlier era are being torn down and replaced by big modern luxury apartments and office buildings These are to Behind the effort to attract the millionaires fix whom this town was designed and built is the shadowy figure of an authentic international mystery man He fits in perfectly with the romantic Monte Carlo tradition of movies and fiction — millions won and lost chateaux changing hands on the spin of a wheel beautiful blond jewel thieves lurking in the background The mystery mares name Aristotle Socrates Onassis was recently well (1111--- (71 ''I 1 4 $ LE IMID4 IIPORLO ONASSIS: Monte Corto's new boss -- 4 15 |