- EU / CROATIA : Zagreb Now Set To Become EU Member #28...In 2013.
- PHILIPPINES /USA : Stranded US Naval Warship Finally Dismantled.
- COSTA RICA: Currency Intervention Predicted As Colon Surges Vs USD.
- ITALY: 12 Dec UPDATE: Is Silvio's 'Friend'...Key Sex Trial Witness Ruby The Heart Stealer...On The Run? Ruby Finally Surfaces...In Mexico!
- PERU: Sand Fly Bite...Morphs Into Horror Story For American.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- BRASIL : Dilma Wins Port Privatization Approval From Congress.
- MUSIC FOR MONDAY: From SWEDEN / AZERBAIJAN : Eurovision Winner Loreen Sings "Euphoria."
- GUATEMALA : Court Throws Out Rios Montt Genocide Conviction; Trial Restart Ordered.
- VENEZUELA :6 March UPDATE: Shooting At Caracas Opposition Rally Wounds Capriles Supporter.
11 May 2012
BRASIL / USA / SINGAPORE : 18 May UPDATE: Facebook Co-Founder...And Soon Billionaire Saverin...Renounced USA Citizenship; USA May Have Saved Him From Kidnapping; Saverin Defends Renunciation.
Naturally...new billionaire Eduardo Saverin is defending his recent renunciation of USA citizenship.
In a statement...he claimed that he 'paid his dues.'
But 2 USA senators are offended at the seeming tax ploy that off-shore banking enthusiasts like Mitt Romney might applaud...and plan to introduce new legislation punishing those who surrender citizenship just to escape taxes.
Facebook co-founder Eduardo Saverin, 30...surrendered his USA citizenship in September...a move that slashes his huge capital gains tax bill...on the record breaking IPO.
BLOOMBERG estimates his USA tax savings...at $67 million!
The Brasil born Saverin holds about 4% of Facebook...valued at $3.5 billion.
He will still end-up paying...about $365 million to the IRS.
Saverin comes from a wealthy family in Brasil...and reportedly moved to Miami at age 13...to avoid being kidnapped there.
He has been living in Singapore for 3 years.
Amazingly...Singapore has no capital gains tax.
The USA...and Brasil...will both lose out on tens of millions in taxes!