One of the founders of "Facebook" give up his U.S. citizenship to pay less tax

According to press reports that Eduardo Savrin, one of the founders of social networking (Facebook) has renounced his U.S. citizenship, which will allow him to pay less tax when the stock exchange the company be put up on 18 this month.

Said Tom Goodman, his spokesman, said that Savrin, which is of Brazilian origin and obtained U.S. citizenship in 1998, has become a resident of Singapore, where he lives in the current period for business reasons.



He explained that he will live in Singapore for an indefinite period where the center considers its operations due to the Astthmarth in companies spread across the United States, Asia and Europe.



The newspaper (Washington Post), which reported the news about Edward Cleneard expert on tax affairs, as saying that Savrin give up his U.S. citizenship, "it will ease the tax burden," and especially those that he would have paid in the event of the completion of the sale the stock exchange.



The Mark Zuckerberg founded Facebook has in common with all of Dustin Moskowitz and Chris Hughes, who specialized in the study of computer science, and my companion were university accommodation when Zuckerberg was a student at Harvard University.



And shortly after, joined the Eduardo Savrin (CEO) and Dustin Moskovitz (programmer) and Andrew McCollum (graphic artist), Chris Hughes to Zuckerberg to help in the development of the site.



Savrin and has 5% of the shares of Facebook.



The (Facebook), the largest social network in the world, has set the price of its shares on the stock exchange between 28 and 35 dollars, which can make them collect up to 11 billion and $ 800 million raised in the Wall Street expected.