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Wednesday, April 17, 2024

Back Tax Guide Website waxes Poetic on Eduardo Saverin Saga

Last updated Tuesday, May 22, 2012 17:08 ET

Decision of Facebook founder to renounce citizenship a matter of dollar and cents.

Mission Viejo, US, 05/22/2012 / SubmitMyPR /

Eduardo Saverin may be in hot water with a few Senators for his preceived abandonment of citizenship to avoid having to pay back taxes down the line, despite the fact that his citizenship renouncement was made months before talks of Facebook's IPO even began stirring, having lived in Singapore since 2009. Despite all this, though, two democratic senators want their piece of the Facebook pie, no matter the cost.