The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Tax Haven Guru dies||Date: 10/11/2012 11:33 AM|
|Author: telegraph||Number: 648281 of 740113|
Paddy Roy Bates, who occupied an abandoned fort in the North Sea and declared it the sovereign Principality of Sealand with himself as its prince, has died aged 91, his son said on Wednesday.
In the 1960s, inspired by the "pirate radio" movement, Bates set up Radio Essex on an offshore fort. When that was closed down, he moved in 1966 to Fort Roughs, a disused second world war platform in international waters about seven miles off the coast.
Rejecting a British order to leave, he proclaimed the fort the Principality of Sealand, declaring himself Prince Roy and his wife, Joan, as princess.
The 550-square-metre (5,920-square-foot) fort two concrete towers connected by an iron platform claimed to be the world's smallest sovereign state, though it was not internationally recognized.
Since an initial attempt to reclaim the fort was rejected by an English court, Britain has largely ignored the breakaway platform.
Despite the lack of legal status, Bates gave Sealand its own constitution, red, white and black flag, passports, stamps, coins, national anthem and a motto, E Mare Libertas: "From the sea, freedom".
Today, Sealand makes money by selling aristocratic titles and hosting Internet servers.
No income taxes. I bet he could talk a few Frenchies into moving their legal address there.....to avoid the 75% income tax, 22% VAT, 18% social tax....that the new Marxist plans to put in place next year.
Viva la Sealand....
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|