Asia - Voice of America: Expatriation of Facebook Co-founder Draws Ire

Asia - Voice of America asia

Expatriation of Facebook Co-founder Draws Ire May 15th 2012, 20:57 Facebook co-founder Eduardo Saverin, who is set to earn billions when the social networking giant goes public on the U.S. stock market Friday, has drawn criticism for renouncing his U.S. citizenship in a move that could save him millions in taxes. The Singapore resident still will end up paying fees, but experts say the benefits of expatriation for Saverin, and many others, may outweigh the costs. Saverin's stake in the company is estimated at nearly $4 billion. As a U.S. citizen, ... Media files: 6B646E31-B91A-4BE4-80C1-DBD86402DD70_cx0_cy1_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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