It’s got a lot to do with taxes.
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Monaco is the worldâs second-smallest country, spanning only 2.2 square kilometers. Yet it’s the capital of the wide world of car racing.
For more than 70 years, the country has hosted the Monaco Grand Prix. Itâs one of the worldâs most unusual racecourses, running through the city streets of Monte Carlo. The course goes through a tunnel, up a cliff, and passes just feet from the harbor; it’s earned the nickname âthe race of a thousand corners.â
Because of its design, the Monaco Grand Prix has produced some of the most memorable moments in car racing history. But that’s not the only reason the race is so prestigious.
Monaco is a tax haven, and for decades has been a favorite place for the rich and famous to stash their wealth. The Grand Prix weekend is the country’s biggest weekend of the year, and the combination of a unique course and the worldâs most famous people make the Grand Prix the worldâs most prestigious car race.
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@justinfinke6478
The worldâs most famous car race? Thatâs hilarious. Most boring would be more appropriate