Facebook's Eduardo Saverin Saves $67 Million In Tax By Leaving Us

Globe and MailFacebook's Eduardo Saverin Saves $67 Million in Tax by Leaving USWashington PostMay 16 (Bloomberg) -- Facebook Inc. co-founder Eduardo Saverin will save at least $67 million in federal income taxes by dropping US citizenship, according to a Bloomberg analysis of the company's stock price. Those savings will keep growing if ...Facebook co-founder Saverin invests, while senators seek to ban him from USFox NewsSchumer Proposes Tax on People Like Facebook's SeverinBusinessWeekUS senators flame Facebook's Saverin on taxesReutersWall Street Journal -Los Angeles Timesall 446 news articles »

RELATED ARTICLES
  • Microsoft Develops Set-Top Box
    Microsoft has been developing designs for a simple set-top device for streaming video and other entertainment options. More
  • Amazon may be working on a smartphone with hologram-like 3DAmazon may be working on a smartphone with hologram-like 3D
    Amazon is reportedly developing a smartphone that sports a 3D screen that relies on retina-tracking technology to make images seem to float above the screen like a hologram. With the smartphone, users would be able to navigate through content by using their eyes alone, according to two unnamed people who discussed the phone with the Wall Street Journal. More
BING NEWS:
  • Media focuses on Facebook's co-founder, Saverin's renouncing US citizenship
    See the article, News: Facebook's Eduardo Saverin Saves $67 Million in Tax by Leaving US. Few people in the mainstream ... The media is accusing him of trying to avoid paying taxes by renouncing his US citizenship and moving to Singapore.
    05/17/2012 - 8:30 am | View Link
  • Facebook's Saverin Saves $67M By Leaving U.S.
    (Bloomberg News) Facebook Inc. co-founder Eduardo Saverin ... what is effectively an exit tax on the estimated capital gains from their stock holdings at the time of the renunciation. Saverin's bill would be about $365 million, though even that can be ...
    05/15/2012 - 1:00 pm | View Link
  • Facebook's Eduardo Saverin quits US ahead of flotation
    Facebook's co-founder Eduardo Saverin has renounced his US citizenship ahead of the company going public on Friday. Brazilian-born Mr Saverin, 30, will avoid paying around $600m (£373m) in tax when he picks up his share of the site's stock offering.
    05/14/2012 - 1:03 pm | View Link
  • Facebook's fortunes skyrocket on Forbes billionaires list... but no one can beat Carlos Slim
    Co-founder Eduardo Saverin made the list as well at number 782 with $1.6billion ... The 84-year-old saw his personal wealth tumble $17billion to just $6billion due to tax issues. He has fallen 151 places on the list, down from 11th to 162nd place.
    03/10/2011 - 11:31 pm | View Link
  • More
BING SEARCH:
  • Facebook
    In May 2005, Accel partners invested $12.7 million in Facebook, and Jim Breyer added $1 million of his own money. A January 2009 Compete.com study ranked Facebook the ...
    12/21/2014 - 6:26 am | View Website
  • 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 ...
    12/20/2014 - 9:58 pm | View Website
  • Facebook
    On Thursday, November 6, Mark Zuckerberg will host his first public Q&A on Facebook. Submit your questions and tune in to this special event for the entire Facebook ...
    12/20/2014 - 6:45 pm | View Website
  • Facebook IPO: The Top 10 Shareholders
    The Facebook IPO (initial public offering). You can’t watch or read the news without hearing about it. Friday, May 18th is the day Facebook plans to list its stock ...
    12/20/2014 - 1:51 pm | View Website
  • Welcome to Facebook
    Connect with friends and the world around you on Facebook. See photos and updates from friends in News Feed. Share what's new in your life on your Timeline.
    12/18/2014 - 9:46 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News