Tuesday, May 15, 2012

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

USA - Voice of America
usa
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 ...

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