Wow - Facebook Co-Founder Eduardo Saverin Renounces U.S. Citizenship Prior To IPO.
Saverin was born in Brazil, but resides in Singapore and plans to be there for an indefinite period of time.
Apparently, a record 1,780 people surrendered their U.S. passports last year, compared to just 235 in 2008.
Would you give up your (U.S.) citizenship... if it saved you several million dollars in taxes?
(I have dual citizenship: Canadian - my place of birth, and Scotland - the place of my parents' birth. Much as I love living in the U.S., in my 13 years here, I haven't felt drawn to surrender one or other of my Canadian or British passports and become an American citizen. Amazing to think of the tax implications when in the mutli-gazillion earnings bracket. Hmm!)