May 12, 2012

What Eduardo Saverin Owes America

Saverin, the Facebook co-founder who was famously cheated out of his share of the company, only to regain a portion in a settlement with Mark Zuckerberg, has decided to renounce his US citizenship in order to avoid taxes on the immense gain he stands to realize after Facebook goes public this year.

Here’s Farhad Manjoo’s take on Saverin’s distasteful act.