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’
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    05/19/2012 - 9:00 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 ...
    05/17/2012 - 2:58 am | View Link
  • Facebook co-founder renounces U.S. citizenship, draws heat
    (CBS News) When Facebook begins selling its stock, several people who own part of the company will become billionaires. One of them is getting a lot of flack, because he's giving up his U.S. citizenship right before Facebook goes public. That will save ...
    05/15/2012 - 8:36 am | View Link
  • Facebook co-founder gave up his U.S. citizenship to evade taxes
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  • Facebook co-founder renounces U.S. citizenship
    NEW YORK (CNNMoney) -- Eduardo Saverin, one of Facebook's four co-founders, has renounced his U.S. citizenship, according to the Internal Revenue Service. The expatriation, first reported by Bloomberg, comes just before the social network is expected to ...
    05/11/2012 - 9:24 am | View Link
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  • So How Much Did He Really Save?
    Based on financial filings, experts say, Eduardo Saverin likely saved tens of millions in income tax and far more in estate tax.
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