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The Republic of Minerva: A Dream of a Tax-Free Nation Built on a Reef
In the early 1970s, a libertarian-backed project attempted to establish the Republic of Minerva, a tax-free sovereign state on an artificial island built on a South Pacific coral reef. Despite raising a flag and issuing currency, the self-declared nation collapsed within months after the Kingdom of Tonga asserted its historical claim and took control.
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