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 »

  • 33 photos of Facebook's rise from a Harvard dorm room to world domination
    They'd go on to file a lawsuit that was only settled in 2008, when they were given 1.2 million Facebook shares in a settlement ... in fellow Harvard students Dustin Moskovitz (left), Eduardo Saverin, Andrew McCollum, and Chris Hughes as cofounders to ...
    09/18/2016 - 6:30 am | View Link
  • Facebook's Eduardo Saverin 'Spits in the Eye of the American People'
    Chuck Schumer and Bob Casey today delivered a scathing status update for "eye-spitting" Facebook co-founder Eduardo Saverin: Stop attempting ... affect any American who has $2 million in net worth or an average income tax liability of at least $148,000 ...
    05/17/2012 - 8:07 am | View Link
  • Facebook’s Eduardo Saverin ‘Spits in the Eye of the American People’
    “This tax-avoidance scheme is outrageous,” Schumer added. “Eduardo Saverin wants ... is intended to respond directly to Saverin’s move, which they call a “scheme” that would “help him duck up to $67 million in taxes.” The plan would re ...
    05/16/2012 - 1:00 pm | 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 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
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