Eduardo Saverin, one of the co-founders of Facebook, gave his first major interview published Thursday in the wake of a growing backlash against his renunciation of U.S. citizenship.
Pressure has grown from U.S. lawmakers to tighten tax code on expatriates after press reports surfaced that Saverin – a native of Brazil who became a U.S. citizen as a teenager after his family moved to the U.S. – renounced his U.S. citizenship, which was published April 30 on the U.S. Federal Register. Saverin, who has lived in Singapore since 2009, is now a permanent resident of the city.
The public release of his renunciation, coming on the eve of Facebook’s initial public offering (IPO), has raised hackles.
“I’m not a tax expert,” Saverin told the New York Times. He said he filed to renounce his citizenship in January 2011 and it became official in September. “We complied with all the known laws. There was an exit tax.” Bloomberg estimates the billionaire paid exit taxes of about $365 million. Full story...
Related posts:
Pressure has grown from U.S. lawmakers to tighten tax code on expatriates after press reports surfaced that Saverin – a native of Brazil who became a U.S. citizen as a teenager after his family moved to the U.S. – renounced his U.S. citizenship, which was published April 30 on the U.S. Federal Register. Saverin, who has lived in Singapore since 2009, is now a permanent resident of the city.
The public release of his renunciation, coming on the eve of Facebook’s initial public offering (IPO), has raised hackles.
“I’m not a tax expert,” Saverin told the New York Times. He said he filed to renounce his citizenship in January 2011 and it became official in September. “We complied with all the known laws. There was an exit tax.” Bloomberg estimates the billionaire paid exit taxes of about $365 million. Full story...
Related posts:
- Facebook co-founder becomes Singapore citizen to save millions on taxes...
- Americans renounced their citizenship in record numbers in 2011...
- How Apple avoids paying billions in taxes...
- Why I love living in Singapore...
- Britons work until lunch just to pay taxes to the State...
- Bono shamed over failure to pay tax in Ireland ...
- Facebook is a ponzi scheme...
No comments:
Post a Comment