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.
Hmmmm
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/
Why doesn’t this ultra liberal want to pay his fair share?
So high taxes and piles of regulations really aren’t that popular?
Liberals don’t want to give THEIR money... just yours.
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.
Singapore may take this one’s money anyway. These liberals are a very peculiar bunch, aren’t they?
Singapore may take this one’s money anyway. These liberals are a very peculiar bunch, aren’t they?
you can say that again...and again :)
With the way this country’s sinking, maybe he thinks it’s a lifeline.
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)...
Wonder where the “renunciation” took place , at a federal court in D.C.or the US Embassy in Singapore?
He is doing the right thing.
“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.
What services would they be that are of value to a single ex-citizen with lots of money?
“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.
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