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Facebook co-founder renounces US citizenship on the eve of IPO

Monday, May 14, 2012

Facebook co-founder renounces US citizenship on the eve of IPO


Eduardo Saverin will be doing a lot of long-distance poking from now on — and probably won't be giving the thumbs-up “like” to Uncle Sam. The billionaire co-founder of Facebook, Inc. has renounced his US citizenship.

Saverin, 30, forfeited his US citizenship back in August, Bloomberg News has learned. The maneuver isn’t all that magnificently out of the ordinary, though. According to a recent report from the US Internal Revenue Service that RT reported on earlier this year, Americans have been renouncing their citizenship in record numbers.

In 2011 alone, at least 1,788 Americans officially renounced their US citizenship—more than the tallies for 2007, 2008 and 2009 combined..... MORE

SourceThe Daily Tribune

URL: http://rt.com/usa/news/facebook-us-citizenship-saverin-051/

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