Facebook Co-Founder Won't Escape All U.S. Taxes By Renouncing Citizenship

Facebook co-founder Eduardo Saverin caused a stir recently by moving to Singapore and renouncing his U.S. citizenship. In so doing he halved the income tax rate on his future income, from 39.6% in the U.S. to 20% in Singapore. He eliminated tax on his future capital gains ???the U.S. taxes capital gains at 15%, but ...

WASHINGTON — Two senators on Thursday denounced Facebook Inc. co-founder Eduardo Saverin as a tax dodger for renouncing his U.S.

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter

With Canadians being blamed for recent terrorist attacks in Bulgaria and Algeria, Citizenship and Immigration Minister Jason Kenney has suggested new legislation may be needed to revoke the citizenship of dual nationals who commit terrorism. Mr. Kenney told reporters Wednesday he wanted to discuss the issue with Conservative MP Devinder Shory, who has tabled a private member’s bill proposing that Canadians who commit acts of war against Canada should lose their citizenship.

“A million dollars isn’t cool. You know what’s cool? A billion dollars.” -Fake Sean Parker The Social Network (Photo Credit: TLNT.com) Over the past several months, I’ve noticed an interesting commonality when chatting with startup founders. It’s the word “cool.” I’ve heard about a “cool idea,” a “cool pivot,” a “cool feature,” a [...]

Eduardo Saverin, one of four co-founders of Facebook, has renounced his U.S.

Rich Americans renouncing U.S.citizenship rose sevenfold since UBS whistle-blower Bradley Birkenfeld triggered a crackdown on tax evasion four years ago.