What Will Make Facebook’s Eduardo Saverin Happier: U.S. Citizenship or $67 Million? | Observations, Scientific American Blog Network

What Will Make Facebook’s Eduardo Saverin Happier: U.S. Citizenship or $67 Million? | Observations, Scientific American Blog Network:

 "Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship, reportedly to save an estimated $67 million on his tax bill (Saverin denies that the decision was based on financial considerations). The move has drawn the ire of Senators, academics and (especially) newspaper columnists, who view it as a cynical attempt to avoid paying his fair share. Senator Jack Reed of Rhode Island has called for the U.S. Department of Homeland Security to ban Saverin from re-entering the country, and a new bill with bipartisan support would explicitly bar those like Saverin from returning."

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