2ND LINK CHANGE:
http://www.dailymail.co.uk/news/article-2146060/I-paid-dues-Im-U-S-Facebook-founder-Eduardo-Saverin-speaks-comes-tax-avoidance.html
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!
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