Facebook co-founder gives up US citizenship to keep more of his moneyQuicklink submitted By Ethan Hollow Permalink
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|Eduardo Saverin, who co-founded Facebook with Mark Zuckerberg while attending Harvard, stands to make several billion dollars when the company goes public.
He would also be on the hook for taxes that would take about a third of what he earns.
So Saverin did what an increasing number of smart, tech savvy Americans are doing; he surrendered his US citizenship.