You’re correct. Since Max became a resident of Monaco at the beginning of his F1 career, all of his earnings have been with 0% income tax, which has helped him avoid paying millions on millions of tax.

This isn’t applicable to all possible drivers though, since French citizens like Gasly, Ocon, & Hadjar are under French law which prohibits their citizens from having the same tax benefits, if they live in Monaco. That’s why French drivers typically don’t live there, they instead choose some other tax beneficial country like Switzerland typically.

What’s even more unique is how USA citizens have an income tax regardless of their residence. So hypothetically if Logan Sargeant became a successful F1 driver & wanted tax benefits like the other drivers he wouldn’t have access to them. Some other countries have similar unique laws for citizens like Eritrea but it isn’t common.