Facebook Co-founder Gives Up Citizenship Ahead Of Ipo

SAN FRANCISCO (Reuters) - Facebook Inc co-founder Eduardo Saverin has renounced his U.S. citizenship, according to an Internal Revenue Service report, days before the company's initial public offering.

ASK NEWS:
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  • Mayor Boris Johnson's Terrible, Horrible, No Good, Very Bad Day...As - Forbes.com
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BING NEWS:
  • Boehner on Facebook co-founder citizenship renouncement to dodge taxes: ‘Outrageous’
    When Facebook co-founder Eduardo Saverin renounced his citizenship and moved to Singapore to avoid potentially paying tens of millions of dollars in taxes on gains he made from Facebook’s initial public offering last week, some on the right suggested it ...
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  • Facebook co-founder Saverin under fire for renouncing U.S. citizenship
    Facebook co-founder Eduardo Saverin has come under increased scrutiny following news that he had renounced his U.S. citizenship to become a resident of Singapore. The move drew criticism as reports pointed out that the move would save Saverin — who owns ...
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  • Facebook Co-Founder Saverin Gives Up U.S. Citizenship
    Eduardo Saverin, the billionaire co-founder of Facebook Inc. (FB), renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill. Facebook plans to raise as ...
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  • Facebook co-founder gave up his U.S. citizenship to evade taxes
    How much is your U.S. citizenship worth to you? For most immigrants, the day they achieve U.S. citizenship is one of the most momentous in their lives. It's a long, arduous process to get there, involving years of residency, study of our nation's history ...
    05/11/2012 - 6:27 pm | View Link
  • Facebook Co-Founder Saverin Renounces Citizenship
    Facebook co-founder Eduardo Saverin renounced his U.S. citizenship months before the social network's expected initial public offering. "This was done many, many months ago and has nothing to do with the IPO," Sabrina Strauss, a spokeswoman for Saverin ...
    05/11/2012 - 4:59 pm | View Link
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