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

Economy - Voice of America economy-and-business

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 Brazilian-born, Singapore resident will still end up paying a hefty amount to the U.S., but financial experts say the benefits of expatriation for Saverin, and many others, may outweigh the costs. Saverin's stake in the company is ... Media files: 6B646E31-B91A-4BE4-80C1-DBD86402DD70_cx0_cy1_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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