New York Times :: Reports last week that Facebook co-founder Eduardo Saverin, 30 and born in Brazil, had renounced the American citizenship he gained as a teenager led to considerable criticism that he was skipping out to avoid taxes. He has become a permanent resident of Singapore, which levies no capital gains taxes. Mr. Saverin said he was misunderstood. He first filed to give up American citizenship in January 2011. It became official last September, and the government published the news at the end of April as part of a routine filing.
Taxes - Continue to read Quentin Hardy, www.nytimes.com
Overview - Discussed here as well Jon Russell, thenextweb.com