Saturday, May 19, 2012

Saverin: Why Singapore?

Eduardo Saverin, played by Andrew Garfield in the movie, is receiving lots of attention because he's renounced his U.S. citizenship, presumably to avoid paying some taxes on his money from Facebook.

One thing's not been explained in the news articles I've seen: why Singapore?   Well, as usual Wikipedia has the answer: Singapore's tax rules encourage tax evasion.

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