Sunday, May 08, 2022

The European Micro-State of Andorra Boasts One of the Best Tax Climates in the World by Lawrence Reed

Recommendable!

"... In land area, the country in question is the sixteenth smallest in the world. Its 181 square miles is just twice the size of Boston and approximately 15 percent of the state of Rhode Island. About 77,000 people live in it. At 3,356 feet above sea level, its capital city is the highest in Europe. ...
This country—Andorra—is one of Europe’s seven “micro-states, quaint and tiny nations which are political holdovers from the distant past. The other six are San Marino, Liechtenstein, Luxembourg, Monaco, Malta, and Vatican City. ...
Micro-states are fascinating and among the freest enclaves in the world. That’s especially true of San Marino today and Ragusa centuries ago. The small size of these places works in favor of their freedom. A government composed of neighbors you know may be naturally more accountable than distant bureaucrats and politicians you don’t know. ...
Governance is exercised by a unicameral legislature (called the General Council) in a competitive, multi-party system. A prime minister is chosen by the legislature. ..."

The (Gorgeous) European Micro-State That Boasts One of the Best Tax Climates in the World - Foundation for Economic Education Andorra, one of Europe’s seven “micro-states," is one of Europe's hidden treasures.

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