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Tax-Arbitrage Of The Year - Facebook Founder Renounces US Citizenship

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Sat, 12 May 12 5:26 AM | 66 view(s)
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Submitted by Tyler Durden on 05/11/2012 - 12:19 Brazil Real estate

We can only guess at his reasons. Perhaps it is the cost of real estate in Palo Alto, the price of Starbucks in Silicon Valley, or the lack of Bugatti dealerships but Eduardo Saverin - co-founder of Facebook - just renounced his US citizenship. Via Bloomberg,

FACEBOOK CO-FOUNDER SAVERIN GIVES UP U.S. CITIZENSHIP PRE-IPO

Or maybe the always pioneering entrepreneurs from Facebook just gave us a preview of US tax policy, or rather the popular response to it, in 2013. Like!


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http://www.zerohedge.com/news/tax-arbitrage-year-facebook-founder-renounces-us-citizenship




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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