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 Unfriend US Lawmakers Say Pay the Piper First Too Taxing for Reflects on Path Forward Founder Renounces U.S. congratulates Mark Zuckerberg over Two senators want to stop Facebook's from dodging taxes Current Saving $67 Million. And It Could Be a Loss in End The Real Outrage Isn't Editorial Facebooking it out ahead tax man Chat Room Do We Really Need Make Calls Flights cofounder save millions Comment raises stock price could be first company worth $100 billion at PreMarketing Obama's JPMorgan problem renounces citizenship gives up

Eduardo Saverin congratulates Mark Zuckerberg over Facebook Facebook co-founder Eduardo Saverin congratulated his fellow co-founder and company CEO Mark Zuckerberg for a job well done, crafting a dorm room start-up into the largest tech company IPO in history in just eight years. Eduardo Saverin Congratulates Mark Zuckerberg...on Facebook Facebook co-founder Eduardo Saverin has congratulated Mark Zuckerberg on the company's upcoming initial public offering in probably the most fitting way possible -- on Facebook. 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. ... Casey: Eduardo Saverin 'should pay' Sen. Bob Casey, who has unveiled a plan aimed at preventing Facebook co-founder Eduardo Saverin and other expatriates from skirting U.S. taxes, on Friday dismissed criticism that the so-called Ex-PATRIOT Act could scare people from coming to the country and insisted that Saverin "should pay." 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 Eduardo Saverin's citizenship renunciation is not about taxes, it's about American imperial overreach News that Brazilian entrepreneur and Facebook co-founder Eduardo Saverin has renounced his American citizenship has resulted in a firestorm of controversy about taxes, ethics, greed, Two senators want to stop Facebook's Saverin from dodging taxes Facebook co-founder Eduardo Saverin renounced his U.S. citizenship and is living in Singapore, a country with no capital gains tax. Sens. Charles Schumer and Bob Casey say he's a tax dodger. WASHINGTON — Eduardo Saverin fled Brazil as a boy and lived the American dream by helping found Facebook Inc. 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 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.
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References:
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