Citizenship Too Taxing for Facebook CoFounder A Founder Renounces His U.S. Facebook's Eduardo Saverin gives up citizenship Shrewd tax move Saverin's Renunciation Before IPO Will Increase Not Reduce Tax Bill cofounder Gives Up Isn't the Only Rich Guy Defriending ahead of US renounces Matters Keep Power Lessons From Zuckerberg Deals Day Targets $96 Billion Value The Other

Eduardo Saverin Renounces U.S. Citizenship Ahead Of Mega Facebook IPO Eduardo Saverin, Facebook co-founder immortalized by his falling out with Mark Zuckerberg in the movie The Social Network, has renounced his U.S. citizenship ahead of the company's IPO. Could taxes have been the reason for his decision? Facebook Co-Founder Saverin Renounces Citizenship Facebook co-founder Eduardo Saverin renounced his U.S. citizenship in September, months before the social network's expected initial public offering. Facebook co-founder Eduardo Saverin gives up U.S. citizenship Facebook co-founder Eduardo Saverin has given up his U.S. citizenship, a move that will reduce his taxes when Facebook goes public in the coming weeks. Saverin, who was born in Brazil and moved to the U.S. in 1992 and has been a U.S. citizen since 1998, has decided to become a resident of Singapore. He is said to own around 5 percent of the company, which has a valuation of between $77 billion ... Eduardo Saverin Isn't the Only Rich Guy Defriending the U.S. Facebook co-founder Eduardo Saverin has renounced U.S. citizenship a week before the company's IPO is set to increase his net worth by about $4 billion. Saverin's just getting in on the hot new trend: ... Why Eduardo Saverin moved to Singapore ? Eduardo Saverin, the 30-year-old co-founder of Facebook, renounced his U.S. passport, sometime last year. The news became public just weeks ahead of the anticipated IPO. Tax purposes are probably the biggest reason for his citizenship renouncement. If Saverin kept his U.S. passport, he would be paying up to 40 percent in income tax, next ... Facebook's Eduardo Saverin gives up citizenship: Shrewd tax move? Here's a tax tip for Mark Zuckerberg: Give up your U.S. citizenship. Saverin's Citizenship Renunciation Before Facebook IPO Will Increase, Not Reduce, His Tax Bill Eduardo Saverin, one of the founders and major shareholders in Facebook, has renounced his US citizenship just before the company's IPO. However, contrary to many media reports this is not going to reduce his current tax bill: far from it it will increase his current tax bill. It will obviously reduce his future bills, but he has to pay tax as if he liquidates his entire portfolio on the day of ... Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO Eduardo Saverin, the co- founder of Facebook, renounced his U.S. citizenship before an IPO that values the social network at as much as $96 billion, a move that may reduce his tax bill. Eduardo Saverin, Facebook co-founder, to renounce his US citizenship ahead of IPO Eduardo Saverin, one of Facebook's co-founders, has renounced his American citizenship ahead of the company's groundbreaking IPO — a move that would drastically reduce his tax bill. read more Eduardo Saverin renounces US citizenship ahead of Facebook IPO Facebook co-founder who owns 4% of company to become legal resident of Singapore – dodging a major US tax bill Since 1996 the Internal Revenue Service has regularly published a list of people who have revoked their US citizenship. Why the IRS and not the INS? Because the point of the list is not simply to keep track of who's in and who's out. The point of the list is to potentially bring shame ...
Key Words: eduardo saverin

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