Finally, there are people whose holdings of directorships and large industrial enterprises do not permit them to become invisible to governments. For such people or for public figures who attract publicity, an official legal residence (tax haven domicile) may be essential. A second residence abroad allows politicians to move their ill-gotten assets abroad and/or escape taxation. In these cases, the establishment of a genuine home – more than a mailing address – is called for.
Campione offers a laid-back Italian-Swiss environment on a gorgeous lake, with a French Riviera-like climate. Instead of the salt air and crowds of Monaco, Campione offers an unpolluted freshwater mountain lake and a relatively rural setting. It is far less isolated than our other favorite, the island of Sark. Also there are formal tax breaks for residents of Campione, such as property taxes which are less than one-quarter of the rate for the rest of Italy.