Facebook Co-Founder Eduardo Saverin Renounces U.S. Citizenship Prior To IPO

Facebook Co-Founder Eduardo Saverin is no longer a U.S. citizen, and that move may save him millions of dollars in taxes once the social network’s initial public offering takes place, slated for next Friday.

Facebook Co-Founder Eduardo Saverin is no longer a U.S. citizen, and that move may save him millions of dollars in taxes once the social network’s initial public offering takes place, slated for next Friday.

Bloomberg reported that Saverin’s name was included on the Internal Revenue Service’s list, published April 30, of people who decided to renounce their U.S. citizenships.

Tom Goodman, a spokesman for Saverin, told Bloomberg via email that the Harvard University classmate of Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg made the decision to renounce his U.S.

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