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.

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  • 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 ...
    05/19/2012 - 1:00 pm | View Link
  • Facebook co-founder Saverin targeted by U.S. senators for tax ‘avoidance scheme’
    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 renounces citizenship
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    05/11/2012 - 12:08 pm | View Link
  • Facebook co-founder renounces citizenship ahead of IPO
    He lived the American Dream -- and then he packed up and left. Facebook co-founder Eduardo Saverin, who made billions off the world’s most popular social network, stands to rake in about $3.84 billion from his 4 percent share of Facebook, Bloomberg reported.
    05/11/2012 - 8:20 am | View Link
  • 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 ...
    05/11/2012 - 7:58 am | View Link
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  • Eduardo Saverin
    Eduardo Luiz Saverin is a Brazilian internet entrepreneur and investor. Saverin is one of five co-founders of Facebook, along with Mark Zuckerberg, Dustin Moskovitz ...
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