May 11 - Facebook Co-Founder Renounces US Citizenship To Dodge Paying Taxes

most viewed right now
 444
Drake- Iím Upset
160 comments
@hiphop
most viewed right now
 210
Image(s) inside Rhymefest Responds To Kim Kardashian!
62 comments
@hiphop
most viewed right now
 132
Kim Kardashian ethers Rhymefest!!
211 comments
@hiphop
most viewed right now
 95
50 cent and floyd mayweather beefing again #getthestrap
47 comments
@hiphop

section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

Props Slaps
 6 years ago '05        #1
6643 pageviews
57 comments


chi town hustla 213 heat pts213
space
avatar space
space
$19,619 | Props total: 24316 24316
May 11 - Facebook Co-Founder Renounces US Citizenship To Dodge Paying Taxes
 

 

[pic - click to view]



You know what sucks about coming into a large sum of money? Being forced to hand over a large chunk of that large sum to grabby old Uncle Sam. In America, hefty fees await winners of both the lottery and the stock market alike. It's like the old saying: the only two things certain in life are death and taxes.

Or are they?

Facebook co-founder Eduardo Saverin, also known as Andrew Garfield's character in the Hollywood motion picture The Social Network, has cannily dodged a large portion of the taxes he would owe the U.S. government after his company's IPO by renouncing his citizenship to the United States of America.

Saverin, instead, will become a citizen of Singaporeó where he first decamped last fall, Bloomberg reports.

Though he hasn't been active in the management of Facebook for years (remember how Jesse Eisenberg/Mark Zuckerberg stabbed him in the back?), Saverin still owns approximately four percent of the company, which, for those keeping score at home, will soon be worth something like $4 billion.

In Singapore, which doesn't have a capital gains tax, the 30-year-old Brazil-native will only be subject to a small fraction of the taxes that he would face in America. Zuckerberg for instance, stands to owe up to $2 billion in taxes for his Facebook shares, according to some estimates.


[pic - click to view]

 Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO - Bloomberg

57 comments for "May 11 - Facebook Co-Founder Renounces US Citizenship To Dodge Paying Taxes"

 05-11-2012, 07:20 PM         #2
dlettern 
space
space
space
$n/a | Props total:  
He was really Brasilian anyway though plus he's been in Singapore. He got got and still took home 4 billi?! Homeboy won
 6 years ago '04        #3
hockeythug 66 heat pts66
space
avatar space
space
$19,303 | Props total: 848 848
prolly would have done the same thing
 6 years ago '11        #4
TheOne87 9 heat pts
space
avatar space
space
$755 | Props total: 39 39
n*gga Wesley Snipes mad as hell he aint do that






[pic - click to view]



Last edited by TheOne87; 05-12-2012 at 02:17 PM..
 6 years ago '10        #5
frankfmoney 10 heat pts10
space
avatar space
space
$1,382 | Props total: 1 1
Nice move by him. Only problem I see with this is that the muhfu*ka made his money here, using the American folk.
 6 years ago '11        #6
2HIGHlife 
space
space
space
$106 | Props total: 40 40
 TheOne87 said:
n*gga Wesley Snipes mad as hell he aint do that






[pic - click to view]

lmao!
 6 years ago '06        #7
Yung Dilla 1500 heat pts1500
space
avatar space
space
$57,613 | Props total: 37144 37144
Lol good move tax is a rip off anyways
 6 years ago '08        #8
RustyLorcin 12 heat pts12
space
space
space
$3,499 | Props total: 734 734
I was just in Singapore last month, lot's of entrepreneurs are moving there to get their start ups going, the quality of life is better, the food is better and you have budget airlines like tiger air that will take you to Philippines, Malaysia, Thailand, Vietnam, China for under $80 bucks.

Singapore is amazing..I'm thinking of making the move myself, after 2 years you get your citizenship there if you are a normal person.. this dude is loaded so he probably got it right away.
 6 years ago '04        #9
Cap Peeler 7 heat pts
space
avatar space
space
$12,859 | Props total: 0 0
 RustyLorcin said:
I was just in Singapore last month, lot's of entrepreneurs are moving there to get their start ups going, the quality of life is better, the food is better and you have budget airlines like tiger air that will take you to Philippines, Malaysia, Thailand, Vietnam, China for under $80 bucks.

Singapore is amazing..I'm thinking of making the move myself, after 2 years you get your citizenship there if you are a normal person.. this dude is loaded so he probably got it right away.
 6 years ago '11        #10
rec1989 5 heat pts
space
avatar space
space
$2,543 | Props total: 19 19
 RustyLorcin said:
I was just in Singapore last month, lot's of entrepreneurs are moving there to get their start ups going, the quality of life is better, the food is better and you have budget airlines like tiger air that will take you to Philippines, Malaysia, Thailand, Vietnam, China for under $80 bucks.

Singapore is amazing..I'm thinking of making the move myself, after 2 years you get your citizenship there if you are a normal person.. this dude is loaded so he probably got it right away.
that sounds like the life to live
 6 years ago '04        #11
thergs 43 heat pts43
space
avatar space
space
$699 | Props total: 673 673
[.............]


Last edited by thergs; 01-07-2016 at 07:13 PM..
 05-12-2012, 05:07 PM         #12
whyarguewithgod 
space
space
space
$n/a | Props total:  
 thergs said:
This dude is a selfish as*hole. His company would have never taken off if there hadn't been a supportive government environment, well-paid US consumers, a national internet/broadband infrastructure, good regulations, a well-educated workforce, and a top education -- all subsidized by the US tax base -- and now he wants to renounce his citizenship, take his money, and run. Just so he can lessen his tax burden and avoid giving back to support the country that gave him his riches. To hell with him -- enjoy Singapore.



At first I was thinkin sarcasm but then I read it again.......Your right. Gotdamn you.































































































fu*k The Man
 6 years ago '06        #13
Yung Dilla 1500 heat pts1500
space
avatar space
space
$57,613 | Props total: 37144 37144
 thergs said:
This dude is a selfish as*hole. His company would have never taken off if there hadn't been a supportive government environment, well-paid US consumers, a national internet/broadband infrastructure, good regulations, a well-educated workforce, and a top education -- all subsidized by the US tax base -- and now he wants to renounce his citizenship, take his money, and run. Just so he can lessen his tax burden and avoid giving back to support the country that gave him his riches. To hell with him -- enjoy Singapore.
Yeah and i agree he should move we shouldn't have to pay fu*king taxes inn the first place it's a sham.
 6 years ago '04        #14
young_fletch 26 heat pts26
space
space
space
$1,109 | Props total: 645 645
 thergs said:
This dude is a selfish as*hole. His company would have never taken off if there hadn't been a supportive government environment, well-paid US consumers, a national internet/broadband infrastructure, good regulations, a well-educated workforce, and a top education -- all subsidized by the US tax base -- and now he wants to renounce his citizenship, take his money, and run. Just so he can lessen his tax burden and avoid giving back to support the country that gave him his riches. To hell with him -- enjoy Singapore.
agree but i cant knock the hustle
 6 years ago '06        #15
darnbni99a 
space
avatar space
space
$2,037 | Props total: 32 32
 TheOne87 said:
n*gga Wesley Snipes mad as hell he aint do that






[pic - click to view]

 6 years ago '08        #16
H Class 
space
avatar space
space
$1,490 | Props total: 162 162
 TheOne87 said:
n*gga Wesley Snipes mad as hell he aint do that






[pic - click to view]

 6 years ago '11        #17
BlazedGod 
space
space
space
$245 | Props total: 0 0
This guys in singapore with his billions juss swaggin on asian bi*ches all day like

THIS IS THE LIFEEEEEEEEEEEEEEEEEEEE
 6 years ago '05        #18
Sco Dylan 4 heat pts
space
avatar space
space
$2,685 | Props total: 3022 3022
 Yung Dilla said:
Yeah and i agree he should move we shouldn't have to pay fu*king taxes inn the first place it's a sham.
Holy sh*t you are fu*king stupid.

Do you use roads? Nature didn't build those, you know.

Actually you probably don't know, simple muthafu*ka.
 6 years ago '06        #19
PoetikTrev 7 heat pts
space
avatar space
space
$4,694 | Props total: 72 72
CIA hit in 5..4..3..2
 6 years ago '06        #20
Special Edd 172 heat pts172
space
avatar space
space
$27,454 | Props total: 11613 11613
 RustyLorcin said:
I was just in Singapore last month, lot's of entrepreneurs are moving there to get their start ups going, the quality of life is better, the food is better and you have budget airlines like tiger air that will take you to Philippines, Malaysia, Thailand, Vietnam, China for under $80 bucks.

Singapore is amazing..I'm thinking of making the move myself, after 2 years you get your citizenship there if you are a normal person.. this dude is loaded so he probably got it right away.
Home      
  
 

 






most viewed right now
 57
#bigbreasttwitter
52 comments
1 day ago
@thotsdimesetc
most viewed right now
 46
The Carter III Documentary Waynes Lawyers Didn't Want Us To See! (Addiction,bi..
57 comments
1 day ago
@hiphop
most viewed right now
 36
Video inside BREAKING - Chi Wire: MUBU Krump (The ScoreKeeper) DEAD !
79 comments
1 day ago
@hiphop
most viewed right now
 19
Image(s) inside This guy slaps your girls ass... wyd
118 comments
2 days ago
@wild'ish
most viewed right now
 19
audio inside Drake - Duppy Freestyle
1346 comments
1 day ago
@hiphop
most viewed right now
 17
Video inside May 25 - Pablo Escobarís hitman Popeye arrested in Colombia
44 comments
1 day ago
@news
most viewed right now
 13
Video inside Compton THUGS starring Kevin Hart & Mike Epps 🤣🤣㊃..
30 comments
2 days ago
@movies
most viewed right now
 9
Image(s) inside May 25 - Why Are Californiaís Legal Marijuana Sales So Low?
115 comments
1 day ago
@news
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy