FB co-founder renounced US Citizenship b4 IPO

like King James (Labron) he makes the smart tax move

lefties, see how this works ?

 

As Lady Thatcher pointed out, socialism is fine until you run out of other people's money. Going to get ugly is France pretty soon as they already are all but out of it.

 

they're in recession or within millimeters of it so when the new comrade comes to realize he can't do anything BUT what Kozy was doing all the cheese eating surrender monkeys are going to be burning cars all summer or until LeStalin sends in the army. England will be delighted to take all the money fleeing Le Disastre.

 

Brazilian but will be paying Singapore rates. He mainly investing there. I gather Brazil does not tax beyond theiir shores. Also Singapore has no capital gains at all. Tjey appreciate the value of not beating up investors.

 

they wouldn't want him, they are at or near the top of free economic counttries.

 

He wasn't born in America, and wasn't living in America, so he didn't want to pay taxes to America. That makes sense. Is he really going to save money by declaring citizenship in Singapore? Don't they have taxes there, too?

 

residence, not quite the same and they do not have Cap Gains which is mainly what he gets by way of income. so yeah, quite a lot relative to here.

 

so, he saved a bundle of money by declaring citizenship in the nation in which he was living anyway. What should we conclude from that?

 

It is not at all likely that an American living in the USA would go off to Singapore in order to save a few bucks, especially when he has more money than he could possibly spend in ten lifetimes anyway. So, I agree that this is not a big deal.