Right Wing Lauds Facebook Co-Founder For Renouncing His American Citizenship
Eduardo Saverin’s move to Singapore while renouncing his American citizenship makes him a “hero” to at least one conservative.
Saverin, who owns a roughly four percent stake of Facebook, announced that he was expatriating last week, just in time to avoid paying a federal capital gains tax on the fortune heading his way when the social site files its IPO.
John Tamny at Forbes:
Though no specific reason was given by Saverin for his decision, wise minds could very credibly proclaim him an American hero for doing what he did.