Why Denise Rich Gave Up U.S. Citizenship

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 […]

Facebook co-founder renounces U.S. citizenship

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 […]