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 »

  • Wickham: For the love of money, U.S. citizenship dumped
    The bank agreed to pay a $780 million fine ... Months before Facebook’s initial public sale of stock, which made its founders billionaires, Saverin gave up his U.S. citizenship. He deserted his American identity for the more tax-friendly nation of ...
    10/28/2014 - 9:02 am | View Link
  • Americans without their country
    The government’s pursuit of tax evaders ... co-founder Eduardo Saverin’s 2011 decision to turn in his American passport after moving to Singapore. Saverin likely avoided millions of dollars in taxes by doing so shortly before Facebook’s initial ...
    08/8/2014 - 3:43 pm | View Link
  • Facebook IPO: The Rich Get Even Richer and More Powerful
    And yet, Facebook's ... tax deduction thanks to the stock-option loophole. In addition, some of the company's largest shareholders have moved to shelter some of their gains from estate and gift taxes. Most egregiously, Facebook co-founder Eduardo Saverin ...
    05/18/2012 - 3:24 am | View Link
  • 'I have paid my dues and I'm done with the U.S': Facebook co-founder Eduardo Saverin speaks out as he comes under fire for tax avoidance
    Facebook co-founder Eduardo Saverin ... and misinformation,' said Saverin in his statement. Paying a standard 'exit' tax of 15 percent of the pre-IPO-value of his shares, Saverin will likely save up to $100 million because he will not pay capital gains ...
    05/17/2012 - 3:39 pm | View Link
  • Why Foreign Banks Are Shunning American Millionaires
    One of them was Eduardo Saverin ... tax-compliant U.S. persons as clients outside of the U.S.” The growth in wealth in Asia makes it easier for banks to refuse Americans. Asia has the world’s ­fastest-growing number of people with more than $1 million ...
    05/17/2012 - 11:51 am | View Link
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  • Welcome to Facebook
    Facebook is a social utility that connects people with friends and others who work, study and live around them. People use Facebook to keep up with...
    06/2/2015 - 6:07 am | View Website
  • Log into Facebook | Facebook
    Log into Facebook to start sharing and connecting with your friends, family, and people you know.
    06/1/2015 - 8:56 pm | View Website
  • 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 ...
    06/1/2015 - 2:01 pm | 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 ...
    05/17/2015 - 7:45 am | View Website
  • Facebook's Falling Share Price Means Saverin Overpaid His ...
    Tech 8/21/2012 @ 1:31PM 15,062 views Facebook's Falling Share Price Means Saverin Overpaid His Taxes By $180 Million On Leaving The Country
    08/21/2012 - 1:25 pm | View Website
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