Last week, it was discovered that Facebook co-founder Eduardo Saverin had expatriated in September of last year. By expatriating, Saverin, who owns about 4 percent of Facebook, has by no means avoided taxation altogether. But despite Saverin’s denials, experts have noted that the move will benefit him in several ways. “It’s ingenious,” said Offshore Tax Compliance Team Chair Kevin Packman. “He will save a bundle when selling stock after the IPO.”
Please note that email communications to the firm through this website do not create an attorney-client relationship between you and the firm. Do not send any privileged or confidential information to the firm through this website. Click "accept" below to confirm that you have read and understand this notice.