Facebook's Eduardo Saverin Saves $67 Million in Tax by Leaving US


By Forbes 05/17/12 – 03:18 PM EDT By Brian Solomon When it came to light last week that Facebook co-founder Eduardo Saverin had renounced his US citizenship, the reaction was swift and fierce. Many people criticized Saverin for what seemed like a tax

Eduardo Saverin may no longer be a US citizen. But that's not stopping him from investing in American companies. In fact, he just closed a deal. He's backing Crowdmob, a startup that's blending app promotion with discounts from local merchants.

By Forbes 05/17/12 – 03:18 PM EDT By Brian Solomon When it came to light last week that Facebook co-founder Eduardo Saverin had renounced his US citizenship, the reaction was swift and fierce. Many people criticized Saverin for what seemed like a tax

(Reuters) – Facebook co-founder Eduardo Saverin, who has renounced his US citizenship, was accused on Thursday by two US senators of dodging taxes on Facebook stock-market profits. When the company goes public on Friday, Saverin will make a fortune.

WASHINGTON — Populist anger at Facebook co-founder Eduardo Saverin's decision to renounce his U.S. citizenship — a move that could save him hundreds of millions in taxes if his Facebook stock gains value after the

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