According to reports, Facebook co-founder (one of four anyway) Eduardo Severin has reportedly renounced his U.S citizenship in attempt to allegedly ditch the major tax hit that he’ll face if he pockets a nice chunk of change from Facebook’s upcoming IPO on Friday.
Severin, according to the U.S Internal Revenue Service renounced his status earlier this afternoon leaving some wondering where he’ll pick up life next. The estranged co-founder has been living in Singapore since 2009.
- Facebook co-founder Saverin gives up U.S. citizenship before IPO (nextlevelofnews.com)
- Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO (mega949.com)
- Facebook co-founder Eduardo Saverin renounces U.S. citizenship ahead of IPO to avoid taxes (thetechblock.com)
- Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO (economicpolicyjournal.com)
- Facebook co-founder Eduardo Saverin drops U.S. citizenship ahead of IPO (digitaltrends.com)