👑Prince Leonard established his own principality 47 years ago after a dispute with the Australian government.
💰One of the major implications of seceding from Australia was that Prince Leonard and his principality did not have to pay taxes.
💌The principality attracts tourists who come to get their passports stamped, purchase souvenirs, and show support for this self-proclaimed royalty.
👑Prince Leonard's principality does not have official recognition from world governments, but it has corresponded with Buckingham Palace.
⚖️After nearly 50 years of tax exemption, the Australian Tax Office has sent Prince Leonard a bill for three million dollars.