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.

BING NEWS:
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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 renounces U.S. citizenship, draws heat
    Facebook co-founder Saverin renounces U.S. citizenship ahead of IPO "The openness of our economy," says Edward Kleinbard, a professor at the USC Gould School of Law, "the willingness to encourage and incubate start-up businesses, made Facebook worth what ...
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  • Facebook co-founder renounces citizenship to avoid tax
    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. The news, first published by Bloomberg on Friday, was based on an IRS notice ...
    05/12/2012 - 4:02 am | View Link
  • Facebook co-founder gives up U.S. citizenship
    Eduardo Saverin, the billionaire co-founder of Facebook Inc., 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 much as ...
    05/11/2012 - 1:00 pm | View Link
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