Saturday, May 12, 2012

Just In Time For A Facebook IPO Tax Break, Eduardo Saverin Renounces U.S. Citizenship

eduardoWell that's some slick timing. Eduardo Saverin, known for co-founding Facebook with Mark Zuckerberg back in their college days at Harvard, has given up his United States citizenship. His name appeared on a list published on April 30 by the United States Office of the Federal Register, which issues a quarterly list of people who have given up their U.S. citizenship. The switch will almost certainly decrease the number of American taxes he owes on the $3.84 billion or so he is reportedly in line to make once Facebook goes public, which is widely expected to happen next week.

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