Showing posts with label eduardo saverin. Show all posts
Showing posts with label eduardo saverin. Show all posts

Thursday, May 17, 2012

Having Renounced Citizenship, Eduardo Saverin May Not Be Allowed to Return to United States

Facebook's co-founder, billionaire Eduardo Saverin, moved to this country at the age of 13 and later became a United States citizen. While here as a young man he became unimaginably wealthy. Recently he moved to Singapore and renounced his American citizenship, reportedly because he wished to avoid paying capital gains taxes. If this was his reason for giving up his citizenship, federal law may not permit him to return to the United States.