Sunday, July 8, 2012

Eduardo Saverin: Proof Entrepreneurs Flee High Taxes? | Inc.com

Eduardo Saverin: Proof Entrepreneurs Flee High Taxes? | Inc.com: "It's a fun thought exercise for most of us. But whether or not to drop his U.S. citizenship for $1 billion was a legitimate question for Eduardo Saverin, one of Facebook's co-founders. Depending on what happens when the IPO actually launches, Saverin could get more than $3 billion. As an American, he might have owed about a billion in capital gains tax, but he won't owe any now because he decided to renounce his American citizenship."

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