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Thursday, May 17, 2012

Facebook Co-Founder Eduardo Saverin Can Relinquish His U.S. Citizenship, Keep $67 Million And Never See His Family, Or Pay Up And Visit Whenever He Likes


Mark Zuckerberg can skip sending an invite to Eduardo Saverin for any IPO parties.
By relinquishing his American citizenship, the Facebook co-founder likely won’t be allowed back into the United States after the IRS and State Department look into his case, according to legal experts.
“Anyone who relinquishes their citizenship always has a non-tax related reason why they’re giving (it) up,” Kehrela Hodkinson, a lawyer at the British firm Law Hodkinson Law Group, told the Daily News. “He would likely have a reason like, ‘I’m living in Singapore.’”
The only penalty Saverin is likely to face is that he will be “inadmissable” to the United States.
…Despite the outcry, there may be multiple advantages for the Brazilian-born Saverin — even if it means he can’t visit his family, who reside in the United States.
According to reports, the young millionaire would net at least $67 million without his American ties.

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