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Thursday, May 17, 2012

Senators Go After Eduardo Saverin, Facebook Co-Founder, For Dumping U.S. Passport, Avoiding Taxes

Want to keep the money you earn? Some in Congress are saying you must be punished and plundered and have introduced a bill to accomplish just that.
Populist anger at Facebook co-founder Eduardo Saverin's decision to renounce his U.S. citizenship -- a move that could save him hundreds of millions in taxes if his Facebook stock gains value after the company goes public on Friday -- has inspired two senators to propose legislation that could hit Saverin with heavy taxes and bar him from ever reentering the United States.
Read the rest here
The Huffington Post 

Judy Morris,
Blogger, THL
Articles | Website

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