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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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 ...
    05/19/2012 - 1:00 pm | View Link
  • 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 renounces U.S. citizenship
    Facebook Inc co-founder Eduardo Saverin has renounced his U.S. citizenship ... where he co-founded Facebook with Mark Zuckerberg and others. The question of American citizenship became a bit of a talking point this week as former Republican Presidential ...
    05/13/2012 - 1:00 pm | View Link
  • Facebook co-founder Saverin renounces citizenship
    The news, first published by Bloomberg on Friday, was based on an IRS notice late in April that named people "who have chosen to expatriate." Facebook plans to raise as much as $10.6 billion in an IPO that is expected to value the company at as much as $96 ...
    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
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  • Eduardo Saverin
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