Why Eduardo Saverin moved to Singapore

Yes, the IPO was noteworthy. But just as noteworthy was the decision by to renounce his U.S. citizenship on the eve of the historic IPO and become a permanent resident of Singapore, where there is no capital gains tax. He is already a citizen of Brazil but they don?t tax non-resident income like the United ...

Last Friday, we learned that Eduardo Saverin, one of the co-founders of Facebook, had renounced his American citizenship in what seemed to be a transparent ploy to escape a hefty bill from the IRS in the wake of Facebook’s upcoming IPO.

The billionaire co-founder renounced his U.S.

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

Are You Considering Relinquishing Your US Citizenship Like FB's Eduardo Saverin?

Eduardo Saverin, Facebook co-founder immortalized by his falling out with Mark Zuckerberg in the movie The Social Network, has renounced his U.S. citizenship ahead of the company's IPO.

Facebook co-founder Eduardo Saverin renounced his U.S. citizenship and is living in Singapore, a country with no capital gains tax. Sens.