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Voice of America
| 1 year ago
Kate Woodsome May 15, 2012 Facebook co-founder Eduardo Saverin, who is set to earn billions when the social networking giant goes public on the U.S. stock market Friday, has drawn criticism for renouncing his U.S. citizenship in a move that could...
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The Guardian
| 1 year ago
Gilbert Carrasquillo/FilmMagic Would you renounce your US citizenship for $39 million?...A billionaire Facebook co-founder, Saverin renounced his US citizenship last year, although the decision was made public just days before the social network's...
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Voice of America
| 1 year ago
May 15, 2012 Social media giant Facebook says it is raising the price of the company stock it is offering to the public. The Internet-based social network site had initially said the more than 337 million shares of stock it is selling would be...
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PRWeb
| 1 year ago
May 15, 2012 Although many news reports have speculated Eduardo Saverin’s decision to reside indefinitely in Singapore as a calculated move, Singapore company setup specialist Rikvin recognizes that it will bode well for businesses here and create...
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DAWN
| 1 year ago
With 157 million members, the United States has the most Facebook users. Facebook is the most popular social network in every country of the world, with the exceptions of China, Japan, Russia, South Korea and Vietnam. (source: comScore) - In April,...
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PRWeb
| 1 year ago
May 14, 2012 RoadFish.com men’s lifestyle and finance magazine applauded the choice of Facebook co-founder and billionaire Eduardo Saverin to renounce his US citizenship, a decision made public just days before Facebook’s makes its stock market...
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Telegraph India
| 1 year ago
Eduardo Saverin, the co-founder of Facebook, has given up his US citizenship in a move that should reduce his tax bill, just as the world's largest social networking site prepares for a $96 billion flotation this week. Saverin, who was born in Brazil...
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Washington Post
| 1 year ago
Facebook co-founder Eduardo Saverin, who moved to the United States at age 13 in order to escape being kidnapped by Brazilian gangs , has been in the news this week for renouncing his American citizenship in order to dodge taxes on his Facebook stock.
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International Business Times
| 1 year ago
Facebook founder and CEO Mark Zuckerberg turned 28 on Monday, and his true birthday present will arrive on Friday when the social networking site sells stock and begins trading on Nasdaq...He's the world's youngest billionaire, and 14th richest...
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The Guardian
| 1 year ago
Saverin is the former Harvard student who helped to launch Facebook...Saverin was one of Facebook's four founders and used to be its chief financial officer...He fell out with Zuckerberg over the size of his shareholding...He now owns just 4% of the...
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International Business Times
| 1 year ago
In a world that's changing so quickly, you are guaranteed to fail if you do not take any risk." This standout quote came up from the mind of the golden boy of the tech world today...Zuckerberg took the risk and in his dorm room, developed the social...
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BBC
| 1 year ago
Facebook's Eduardo Saverin quits US ahead of flotation Facebook is days away from a multi-billion dollar stock market flotation Facebook's co-founder Eduardo Saverin has renounced his US citizenship ahead of the company going public on Friday.
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Muncie Free Press
| 1 year ago
Whether it is Mark Zuckerberg turning 28 years old or mentions of his wearing a hoodie to Wall Street or the looming Facebook IPO and their valuation or Facebook phone rumors resurfacing, there is a lot of buzz about this Internet company. While some...
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International Business Times
| 1 year ago
Facebook co-founder Eduardo Saverin has decided to junk his American passport, believing that his U.S. citizenship would prove impractical as he stays most of the time in Asia, where he has long-secured residency status. Share This Story In a news...
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Muncie Free Press
| 1 year ago
Facebook co-founder Eduardo Saverin to Renounce US Citizenship Ahead of Facebook IPO; Is Facebook Overvalued and a Harbinger of a Second Dot-Com Bubble? According to a Bloomberg report last Friday, which was based on an IRS notice late in April that...
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The independent
| 1 year ago
In the argot of social networking, America has been "de-friended". Days shy of Facebook's stratospherically hyped stock market listing, one of the firm's bright young founders has sparked outrage after deciding to renounce his US citizenship. Eduardo...
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The Huffington Post
| 1 year ago
There is a way for them, and there is a way for the serfs. waitforitwaitforit: So what. He is following the path that WS has http://www.huffingtonpost.com/social/waitforitwaitforit/what-eduardo-saverin-owes-america_n_1512399_154191606.html 10 minutes...
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Disinfo.com
| 1 year ago
There's been a massive amount of fretting over the ethics of Facebook co-founder Eduardo Saverin's renunciation of his U.S. citizenship (which the Brazilian native gained roughly 15 years ago). Various scandalized headlines have mentioned that he's...
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Los Angeles Times
| 1 year ago
Eduardo Saverin, the Facebook co-founder who renounced his U.S. citizenship in what many have seen as a move to avoid paying federal taxes, has managed to unify many Americans behind Uncle Sam's outstretched hand. Normally, Uncle Sam is portrayed as...
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The Hindu
| 1 year ago
It was tucked away towards the very end of an obscure name-and-shame list published every quarter by the U.S. tax authority, the Internal Revenue Service. But when media outlets noticed the name Saverin on the roster of those Americans who had...
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United Press International
| 1 year ago
Eduardo Saverin, a co-founder of Facebook, denied that taxes were the reason he has renounced his U.S. citizenship. Tom Goodman, a spokesman for the former Harvard student who was an early investor in Facebook, said it was "not for tax reason," that...
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San Jose Mercury News
| 1 year ago
Bloomberg News Facebook , seeking as much as $96 billion in its initial public offering next week, is overvalued at that price, according to a Bloomberg investor poll. Underscoring concerns that growth may taper for the world's biggest social network,...
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The New York Times
| 1 year ago
Jason Kempin/Getty Images for Common Sense Media Eduardo Saverin, co-founder of Facebook, at an event in New York last year. Eduardo Saverin, one of the founders of Facebook, officially defriended the United States in September, giving up his...
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Fox
| 1 year ago
and then he packed up and left. Facebook co-founder Eduardo Saverin, who made billions off the world's most popular social network, stands to rake in about $3.84 billion from his 4 percent share of Facebook, Bloomberg reported. American citizens pay...
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Venture Beat
| 1 year ago
Around 1,800 U.S. citizens living abroad formally renounced their citizenship in 2011 just like Facebook co-founder Eduardo Saverin and many did so for tax purposes. Saverin told Bloomberg today that his decision was one of convenience; it's widely...
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Russia Today
| 1 year ago
Following a change in Google's search feature format, Twitter has challenged the move as a bad one for the Web giants. O Published: 12 May, 2012, 00:24 Eduardo Saverin (Image from viralswagger.net) Eduardo Saverin will be doing a lot of long-distance...
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International Business Times
| 1 year ago
Facebook co-founder, Eduardo Saverin, has renounced his U.S. citizenship, according to an Internal Revenue Service report, just days before the company's record initial public offering. Facebook plans to raise as much as $10.6 billion in an IPO that...
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The Guardian
| 1 year ago
O Facebook co-founder who owns 4% of company to become legal resident of Singapore dodging a major US tax bill Eduardo Saverin, co-founder of Facebook and 30-year-old billionaire. Photograph: Jason Kempin/Getty Images North America Since 1996 the...
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USA Today
| 1 year ago
Facebook plans to raise as much as $11.8 billion going public with the website, which could be worth as much as $96 billion. Saverin was one of several people who helped Mark Zuckerberg start Facebook in a Harvard University dorm. He stands to make...
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The Australian
| 1 year ago
Eduardo Saverin has renounced his US citizenship ahead of the social network's IPO. The move may reduce the tax bill he is expected to incur after shares of Facebook go public, Bloomberg reported yesterday. Facebook is expected to be valued at...
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CNN
| 1 year ago
Eduardo Saverin, one of Facebook's four co-founders, has renounced his U.S. citizenship, according to the Internal Revenue Service . The expatriation, first reported by Bloomberg , comes just before the social network is expected to launch an initial...
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Venture Beat
| 1 year ago
In a blow to Uncle Sam, Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship ahead of the company's hotly-anticipated initial public offering ...The company priced its shares in the $28 to $35 range last week, and will raise as much...
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Mail Online UK
| 1 year ago
Despite leaving the U.S. behind, he will not avoid all taxes in the country. He owes what is effectively an exit tax on capital gains from stock holdings, even if he doesn't sell the shares, Reuven S. Avi-Yonah, from the University of Michigan's law...
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Boston Globe
| 1 year ago
Eduardo Saverin, the billionaire cofounder of Facebook Inc., renounced his US citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill. Facebook plans to raise as much...
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International Business Times
| 1 year ago
Articles As a result, Saverin, 30, a Brazilian national now resident of Singapore, should escape most tax consequences of the imminent initial public offering of Facebook , expected next Thursday. Saverin owns about 4 percent of the company, although...
