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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFacebook's Saverin says to pay millions in U.S. tax
Source: Reuters
Facebook's Saverin says to pay millions in U.S. tax
Thu May 17, 2012 3:27pm EDT
(Reuters) - Facebook co-founder Eduardo Saverin said in a statement on Thursday that he is obligated to and will pay "hundreds of millions of dollars in taxes to the United States government."
Saverin said his decision to renounce his U.S. citizenship and relocate to Singapore was "based solely on my interest in working and living in Singapore, where I have been since 2009."
With social media company Facebook poised for a multibillion-dollar initial public offering on Friday, Saverin has been criticized by lawmakers for what they say is dodging U.S. taxes on expected stock market gains from his Facebook holdings.
In the statement sent to Reuters by his spokesman, Saverin said: "I have paid and will continue to pay any taxes due on everything I earned while a U.S. citizen. It is unfortunate that my personal choice has led to a public debate, based not on the facts, but entirely on speculation and misinformation."
(Reporting by Kevin Drawbaugh; Editing by Gary Hill)
Thu May 17, 2012 3:27pm EDT
(Reuters) - Facebook co-founder Eduardo Saverin said in a statement on Thursday that he is obligated to and will pay "hundreds of millions of dollars in taxes to the United States government."
Saverin said his decision to renounce his U.S. citizenship and relocate to Singapore was "based solely on my interest in working and living in Singapore, where I have been since 2009."
With social media company Facebook poised for a multibillion-dollar initial public offering on Friday, Saverin has been criticized by lawmakers for what they say is dodging U.S. taxes on expected stock market gains from his Facebook holdings.
In the statement sent to Reuters by his spokesman, Saverin said: "I have paid and will continue to pay any taxes due on everything I earned while a U.S. citizen. It is unfortunate that my personal choice has led to a public debate, based not on the facts, but entirely on speculation and misinformation."
(Reporting by Kevin Drawbaugh; Editing by Gary Hill)
http://www.reuters.com/article/2012/05/17/us-usa-tax-saverin-statement-idUSBRE84G18020120517
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Facebook's Saverin says to pay millions in U.S. tax (Original Post)
Eugene
May 2012
OP
Bullshit fella, you thought you were going to pull a fast one but you got caught instead...
truebrit71
May 2012
#1
truebrit71
(20,805 posts)1. Bullshit fella, you thought you were going to pull a fast one but you got caught instead...
.."based on speculation and misinformation"....
BUSTED!!
Babe
truebrit71
(20,805 posts)6. Hiya!!
Guy Whitey Corngood
(26,509 posts)3. What a dick. How much is enough? nt
robinlynne
(15,481 posts)4. right. I'm sure there are 100 other reasons to renounce US citizenship, and become a citizen of Sing
Singapore.
Romulox
(25,960 posts)5. Um, as if he was paying taxes as a favor to us? It's not optional, Eddy. nt