What Eduardo Saverin Owes America Saverin's Citizenship Renunciation Before Facebook IPO Will Increase Not Reduce His Tax Bill Expatriation of Cofounder Draws Ire CoFounder Is Making A Terrible Mistake Too Taxing for Reflects on the Path Forward Founder Renounces U.S. Current Saving $67 Million. And It Could Be a Loss in End Facebook's Dodging Taxes Senators lob cliches at Saverin; he fires back want to stop cofounder from dodging taxes Target save millions Comment raises stock price could be first company worth $100 billion PreMarketing Obama's JPMorgan problem renounces citizenship ahead gives up

Eduardo Saverin May Be Barred from Returning to the U.S. After Renouncing Citizenship Eduardo Saverin's plan to renounce his American citizenship to save millions in taxes is getting more complicated: a pair of lawmakers want to tax Saverin even if he flees to Singapore and then bar him from ever returning to the United States. In a press release on Thursday morning, Senators Chuck Schumer and Robert Casey called for changes in the tax laws. ... Facebook IPO: Eduardo Saverin Defends Citizenship Move Facebook co-founder Saverin defended relinquishing his U.S. citizenship. Facebook's Eduardo Saverin 'Spits in the Eye of the American People' Sens. Chuck Schumer and Bob Casey today delivered a scathing status update for "eye-spitting" Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never step foot in the U.S. again. "This guy just thinks he can rip us... The Real Facebook Tax Outrage Isn't Eduardo Saverin Eduardo Saverin (Image credit: via @daylife) Eduardo Saverin, Mark Zuckerberg's co-founder at Facebook, has sparked outrage by renouncing his U.S. citizenship as an apparent tax-avoidance strategy. Saverin, who lives in Singapore where there is no capital gains tax, stands to save about $67 million by giving up his U.S. citizenship. This is The Folly Of Eduardo Saverin (Image credit: via @daylife) What was Eduardo Saverin thinking when he renounced his American citizenship, apparently to avoid paying taxes on the enormous windfall he'll receive when Facebook goes public on Friday? Saverin says it's just business, and it has nothing to do with taxes. But whatever it was, he must Facebook's Saverin fires back at tax-dodge critics Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday he is obligated to and will pay "hundreds of millions of dollars in taxes ... Eduardo Saverin's Current Tax Saving: $67 Million. And It Could Be a Tax Loss in the End Bloomberg has done a nice calculation of how much tax Eduardo Saverin's renunciation of his US citizenship will save him. $67 million, that's all. And it's also true that if you take a longer view it could in fact increase his tax bill. Senators to Eduardo Saverin: Don't come back. Sens. Chuck Schumer and Bob Casey, held a press conference Thursday morning on Capitol Hill where they outlined legislation that would prevent the Facebook co-founder from ever returning to the United States. Saverin 'Spits in the Eye' of U.S. Sens. Chuck Schumer and Bob Casey today delivered a scathing status update for "eye-spitting" Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never step foot in the U.S. again. "This guy just thinks he can rip us... Uncle Sam, say goodbye to Eduardo Saverin and $67 million in taxes How much will Eduardo Saverin save by ditching his U.S. citizenship?
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