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Facebook co-founder Saverin renounces U.S. citizenship ahead of IPO
CBS NEWS.com TechTalk ^ | May 11, 2012 1:58 PM | David Hamilton

Posted on 05/11/2012 11:50:59 AM PDT by Mad Dawgg

CNET) Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship ahead of the company's IPO, a move likely calculated to help him dodge capital-gains taxes, Bloomberg reported.

Full coverage of Facebook at Tech Talk Facebook IPO, Mark Zuckerberg kicks off roadshow Facebook IPO, shares range from $28 to $35

Saverin, one of a handful of people who helped Mark Zuckerberg start Facebook at Harvard in 2004, hasn't been active at the company for many years. He still holds an estimated four percent of Facebook

"Eduardo recently found it more practical to become a resident of Singapore, since he plans to live there for an indefinite period of time," Saverin spokesman Tom Goodman told Bloomberg by email.


TOPICS: Business/Economy; Foreign Affairs; Front Page News
KEYWORDS: corruption; democrats; fraud
And Another Billionaire "Shrugs"... Ayn Rand was a modern day prophet!
1 posted on 05/11/2012 11:51:07 AM PDT by Mad Dawgg
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To: Mad Dawgg

Hmmmm


2 posted on 05/11/2012 11:52:02 AM PDT by therightliveswithus
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To: Mad Dawgg

Crap forgot to hit excerpt button. Here is link: http://www.cbsnews.com/8301-501465_162-57432812-501465/facebook-co-founder-saverin-renounces-u.s-citizenship-ahead-of-ipo/


3 posted on 05/11/2012 11:52:35 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

Why doesn’t this ultra liberal want to pay his fair share?


4 posted on 05/11/2012 11:56:46 AM PDT by THE_RAIDER (I'm supposed to be more angry about what Romney does with his money than what Obama does with mine)
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To: Mad Dawgg

So high taxes and piles of regulations really aren’t that popular?


5 posted on 05/11/2012 11:58:54 AM PDT by Tzimisce (THIS SUCKS)
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To: Mad Dawgg
This is too funny. Socialist liberals only threaten to leave the country when a conservative is elected. But when a socialist is elected, they actually do it!
6 posted on 05/11/2012 11:59:07 AM PDT by SamAdams76 (Today, I officially outlive Phil Hartman)
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To: THE_RAIDER

7 posted on 05/11/2012 11:59:57 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: THE_RAIDER

Liberals don’t want to give THEIR money... just yours.


8 posted on 05/11/2012 11:59:57 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: SamAdams76

9 posted on 05/11/2012 12:02:52 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

Facebook is one interesting machine. I have connected with people from my past I never thought I would from the past. So many pro’s and then the big brother aspect cons.


10 posted on 05/11/2012 12:07:36 PM PDT by johngrace (I am a 1 John 4! Christian- declared at every Sunday Mass , Divine Mercy and Rosary prayers!)
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To: Mad Dawgg

Singapore may take this one’s money anyway. These liberals are a very peculiar bunch, aren’t they?


11 posted on 05/11/2012 12:07:36 PM PDT by Joshua Marcus
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To: Mad Dawgg

Singapore may take this one’s money anyway. These liberals are a very peculiar bunch, aren’t they?


12 posted on 05/11/2012 12:07:41 PM PDT by Joshua Marcus
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To: Joshua Marcus

you can say that again...and again :)


13 posted on 05/11/2012 12:24:05 PM PDT by BubbaJunebug
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To: BubbaJunebug

With the way this country’s sinking, maybe he thinks it’s a lifeline.


14 posted on 05/11/2012 12:32:50 PM PDT by bicyclerepair ( REPLACE D-W-S ! http://www.karenforcongress.com)
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To: Mad Dawgg

The movie portrayed him as perhaps the only marginally likable one in the bunch. Hope the douchebag never needs our diplomatic services (and, oh, you know he will someday)...


15 posted on 05/11/2012 1:13:48 PM PDT by StAnDeliver (=)
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To: Mad Dawgg

Wonder where the “renunciation” took place , at a federal court in D.C.or the US Embassy in Singapore?


16 posted on 05/11/2012 1:44:59 PM PDT by Candor7 (Obama fascist info....http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
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To: Mad Dawgg

He is doing the right thing.


17 posted on 05/11/2012 1:56:39 PM PDT by Gatún(CraigIsaMangoTreeLawyer)
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To: THE_RAIDER

“Why doesn’t this ultra liberal want to pay his fair share?”

What exactly is “fair share”?

There is nothing fair about it.

All of you are standing on the deck of the Titanaic watching and laughing at those who are getting into lifeboats because you have decided the Titanic is not sinking.

Well guess who is having the last laugh.


18 posted on 05/11/2012 2:02:11 PM PDT by Gatún(CraigIsaMangoTreeLawyer)
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To: StAnDeliver

What services would they be that are of value to a single ex-citizen with lots of money?


19 posted on 05/11/2012 2:07:50 PM PDT by colonialhk (Put them in green jails doing green jobs)
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To: THE_RAIDER

“Why doesn’t this ultra liberal want to pay his fair share?”

The article does not mention his political leanings...But all of you have decided what his political leanings are.

You are all sinking with the Titanic.

Instead of saving yourselves, you are making fun of those who are.


20 posted on 05/11/2012 2:20:35 PM PDT by Gatún(CraigIsaMangoTreeLawyer)
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To: Mad Dawgg

“Eduardo recently found it more practical to become a resident of Singapore...


The citizens of the world don’t acknowledge the difference between residency in a country and citizenship in a country. One comes with no attachment to the people of the nation, loyality and responsibility. The internationalists would stab us in the back just as soon as look at us whether they are officially citizens or not.


21 posted on 05/11/2012 2:25:14 PM PDT by SaraJohnson
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