Eduardo Saverin's ideological allies
Or it could be that Eduardo Saverin is genuinely happy for his old partner, Mark Zuckerberg and the rest of the Facebook crew. Whatever his motivation, the incredible payday he's about to receive or some genuine affection for
The United States is the only country in the world which applies the same tax regime to all its citizens, regardless of where they live.
By Steve Benen I suspect most have heard about Facebook co-founder Eduardo Saverin's decision to renounce his American citizenship, a move that will save Saverin from having to pay federal capital gains taxes just as Facebook's IPO reaps a windfall.
Facebook co-founder Eduardo Saverin's decision to renounce his U.S. citizenship just in time to avoid a large tax payment essentially means he will not be able to re-enter the United States again.
Eduardo Saverin, co-founder of Facebook, plans to renounce his US citizenship, apparently in order to save on taxes. In response, Senators Chuck Schumer and Robert Casey Jr. propose a law punishing people who renounce their American citizenship to