What Eduardo Saverin Owes America Saverin's Citizenship Renunciation Before Facebook IPO Will Increase Not Reduce His Tax Bill Expatriation of Cofounder Draws Ire Unfriend US Lawmakers Say Pay the Piper First CoFounder Is Making A Terrible Mistake Too Taxing for Reflects on Path Forward Founder Renounces U.S. Current Saving $67 Million. And It Could Be a Loss in End The Real Outrage Isn't Chat Room Do We Really Need to Make Calls Flights Top News Headlines Singer Donna Summer Dies at 63 cofounder cheating out $100 million taxes Facebook's Dodging Taxes Senators lob cliches Saverin; he fires back want stop from dodging save millions Comment raises stock price could be first company worth billion PreMarketing Obama's JPMorgan problem gives up citizenship ahead

Eduardo Saverin May Be Barred from Returning to the U.S. After Renouncing Citizenship Eduardo Saverin's plan to renounce his American citizenship to save millions in taxes is getting more complicated: a pair of lawmakers want to tax Saverin even if he flees to Singapore and then bar him from ever returning to the United States. In a press release on Thursday morning, Senators Chuck Schumer and Robert Casey called for changes in the tax laws. ... The Real Facebook Tax Outrage Isn't Eduardo Saverin Eduardo Saverin (Image credit: via @daylife) Eduardo Saverin, Mark Zuckerberg?s co-founder at Facebook, has sparked outrage by renouncing his U.S. citizenship as an apparent tax-avoidance strategy. Saverin, who lives in Singapore where there is no capital gains tax, stands to save about $67 million by giving up his U.S. citizenship. This is Facebook's Eduardo Saverin 'Spits in the Eye of the American People' Sens. Chuck Schumer and Bob Casey today delivered a scathing status update for "eye-spitting" Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never step foot in the U.S. again. "This guy just thinks he can rip us... The Folly Of Eduardo Saverin (Image credit: via @daylife) What was Eduardo Saverin thinking when he renounced his American citizenship, apparently to avoid paying taxes on the enormous windfall he'll receive when Facebook goes public on Friday? Saverin says it's just business, and it has nothing to do with taxes. But whatever it was, he must Senators to Eduardo Saverin: Don't come back. Sens. Chuck Schumer and Bob Casey, held a press conference Thursday morning on Capitol Hill where they outlined legislation that would prevent the Facebook co-founder from ever returning to the United States. Eduardo Saverin's Current Tax Saving: $67 Million. And It Could Be a Tax Loss in the End Bloomberg has done a nice calculation of how much tax Eduardo Saverin's renunciation of his US citizenship will save him. $67 million, that's all. And it's also true that if you take a longer view it could in fact increase his tax bill. Eduardo Saverin Can Be Barred From U.S. By Homeland Security, Sen. Jack Reed Says WASHINGTON -- A Democratic senator has asked the Obama administration to immediately bar Facebook co-founder Eduardo Saverin from re-entering the U.S., based on a previously unenforced 1996 law. Eduardo Saverin Invites Ire of Chuck Schumer for Tax-Dodging Citizenship 'Scheme' Facebook co-founder Eduardo Saverin has gone ahead and given up his U.S. citizenship before the social network's IPO, thereby saving an estimated $67 million in taxes, and personally pissing off our nation's leaders. In direct response to what they call Saverin's "scheme," New York Senator Chuck Schumer and Senator Bob ... More » Senators attack Facebook co-founder Eduardo Saverin; he fires back Facebook co-founder Eduardo Saverin has made enemies in Washington. For De-Friending The U.S., Facebook's Eduardo Saverin Is An American Hero Saverin's decision will starve the feds of revenue they would almost certainly waste, it will force a rethink of a tax code that penalizes income and investment success, and the unconsumed dollars kept from the hands of government will reach today's and tomorrow's businesses. Let's raise a glass to Eduardo Saverin. He's a true American hero.
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