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Facebook Co-Creator Eduardo Saverin Renounces US Citizenship Before IPO

Why did Facebook co-founder Eduardo Saverin renounce his U.S. citizenship? The answer to this question was the subject of much speculation on Friday, when news broke that the Brazilian-born tech investor renounced his U.S. citizenship back in September. It was only on April 30, when the IRS published a list......
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Just like Eduardo, nearly 1,800 people renounced U.S. citizenship this year, many over taxes

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Eduardo Saverin, the billionaire Facebook co-founder portrayed by Andrew Garfield in The Social Network, is no longer an American citizen. Saverin, 30, renounced the U.S. citizenship he gained as a teenager in advance of the company...

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