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An increasing number of Americans are living abroad and handing in their passports to escape the IRS. Matthew Feeney Reason Magazine 8/15/2013 Earlier this month it was reported that the number of Americans renouncing their citizenship increased sixfold in the second quarter compared to last year. According to The Wall Street Journal, more Americans renounced […] August 18th, 2013 | Tags: citizenship, Eduardo Saverin, Ex-PATRIOT Act, Foreign Account Tax Compliance Act (FATCA), Sen. Chuck Schumer | Category: Banking and finance, IRS, Taxes, Treasury Department | Comments are closed
Laura Saunders The Wall Street Journal 7/10/2012 …Rich is not alone in giving up her U.S. citizenship: In 2011, nearly 1,800 people renounced their U.S. citizenship or residency, a sixfold increase from 2008. In May, a furor erupted after it was revealed that Facebook co-founder Eduardo Saverin had renounced his citizenship ahead of Facebook’s public […] July 11th, 2012 | Tags: capital gains tax, Cook Islands, Denise Rich, Eduardo Saverin, investment income | Category: Health Care, IRS, Taxes | Comments are closed
Facebook’s co-founder, Eduardo Saverin, is giving up his US citizenship to become a resident of Singapore, where residents pay no capital gain taxes. Brian Sullivan and Amanda Drury CNBC via MSNBC 5/11/2012 Eduardo Saverin, one of four co-founders of Facebook, has renounced his U.S. citizenship. The move may reduce his tax bill following the initial […] May 11th, 2012 | Tags: capital gains tax, Eduardo Saverin, Facebook, IPO, Singapore, stocks | Category: Asia, Economy, Taxes, United States | Comments are closed
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