Saverin's Citizenship Renunciation Before Facebook IPO Will Increase, Not ...

Read 'Facebook co-founder Eduardo Saverin drops U.S. citizenship ahead of IPO' on Digital Trends. In an apparent attempt to avoid a hefty capital gains taxEduardo Saverin, the billionaire who co-founded Facebook with Mark Zuckerberg renounced his US citizenship for tax purposes. By doing so, Saverin can pay less in taxes related to the upcoming $100 billion Facebook IPO and dodge capital gains taxes onFacebook co-founder Eduardo Saverin may have been stripped of his throne at the US social networking company, but abroad he lives like a king. The 30-year-old lives in

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