8

Facebook co-founder renounces US citizenship

http://rt.com

Eduardo Saverin will be doing a lot of long-distance poking from now on — and probably won't be giving the thumbs-up “like” to Uncle Sam. The billionaire co-founder of Facebook, Inc. has renounced his US citizenship.

Saverin, 30, forfeited his US citizenship back in August, Bloomberg News has learned. The maneuver isn’t all that magnificently out of the ordinary, though. According to a recent report from the US Internal Revenue Service that RT reported on earlier this year, Americans have been renouncing their citizenship in record numbers.

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awagele's picture
Created by awagele 1 week 1 day ago – Made popular 6 days 1 hour ago
Category: Taxes, Fees & Fines   Tags:
6

New York Town Implements Libertarian Taxing Strategy

http://1787network.com

New Rochelle N.Y., looking at decreased revenue and increased costs, like many US towns is strapped for cash. Being responsible to its citizens and recognizing that they have limited funds, in their 2012 budget New Rochelle eliminated some of their towns holiday celebrations including their Fourth of July Fireworks, their Memorial Day and Thanksgiving Parades. Although these civic events are very important they took the responsible action.

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ssj12's picture
Created by ssj12 1 week 1 day ago – Made popular 6 days 1 hour ago
Category: Taxes, Fees & Fines   Tags:
5

Democratic Senators’ Proposal Targets Facebook Co-Founder Ed Saverin

http://thecaucus.blogs.nytimes.com

Mr. Saverin, a Brazilian-born immigrant to the United States, now lives in Singapore, which has no capital gains tax. He renounced his United States citizenship in September. With that act of antipatriotism, Mr. Saverin stands to avoid at least $67 million in United States taxes.

“Mr. Saverin has decided to ‘defriend’ the United States of America just to avoid paying his taxes. We aren’t going to let him get away with it so easily,” Mr. Schumer said. “It’s infuriating to see someone sell out the country that welcomed him and kept him safe, educated him and helped him become a billionaire.”

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ecigarettes's picture
Created by ecigarettes 3 days 20 hours ago – Made popular 2 days 23 hours ago
Category: Taxes, Fees & Fines   Tags:

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