Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please Type Topic Into Search Bar

Eduardo Saverin, one of the founders of Facebook, gave up his US citizenship. Was that a smart tax saving decision or was it wrong of him to avoid US taxes?

TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Harold Goedde
from a tax savings point of view it is a good move.  But, in my opinion, giving up his U.S citizenship is not right. Every person should pay their "fair share" of income tax.  There are many ways to legally minimize your taxes without giving up U.S. citizenship.  He should have consulted a CPA tax expert and a good financial planner. If he ever comes back to the U.S. he will have to pay taxes. He will have to pay taxes in the country he moves to, although it may be a lower rate.
Leave a Comment 384 weeks ago

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today