US Congress going after Facebook co-founder Saverin - Breaking News

[Merl Haggard]

I dont see why and how you can find pride in a country harboring an economic fugitive. If he can be ungrateful to a country that provide the opportunity or made him who and what he is today, what else he cant do next??

I can see their point here. The US Democratic Senators have a point. This Brazilian family was under threat in Brazil, gain US residency, then Citizenship, Harvard, etc then use American Business Environment to create FB. now want to wash hands of USA passport. He thought the US exit tax would be the end and now he has his PR man working overtime spinning lies. What an idiot. Move to Singapore because of no capital gains tax, thinking no 15% capital gains tax for him on 3-4Billion dollar shares. Now 30% tax coming. Ha Ha Ha. Thinking to save so much money and no filing annual 1040 and 2555 and TD 90s instead now he cant even visit his family in USA! Banned! King power to US lah.

http://www.bloomberg.com/video/92888269/

Now that he is in Singapore he will extract what he can here and then leave. Singapore better watch out.

Nothing to gain from renouncing US passport, US taxes lower than Europe, Australia, Canada, etc.

Considering the USD3b to USD4b he has made with Facebook listing, USD67m capital gain tax is small change.

 

[cass888]

Won't pass the House. Will be filibustered to kingdom come in the Senate.

US Congress has accused Eduardo Saverin who gave up his US citizenship to live in S'pore in order to dodge US$67m in capital gain taxes.

Congress is going to pass a law to ban people like Eduardo Saverin from ever returning to the US.

Congress also alleges that he is so ungrateful to America where he received his education and made him a billionaire.

Being a billionaire, but has no more right to travel to America where his parents are residing in is of not much good.

 

[eatshitndie]

Considering the USD3b to USD4b he has made with Facebook listing, USD67m capital gain tax is small change.

small change for one time initial capital gains pre-ipo. if his billions post-ipo continue to make good returns, subsequent capital gains compounded over years from now will save him hundreds of millions as there is zero capital gains tax in sg.

 

[LeMans2011]

don't have to reveal. just reading your loser's logic reveals everything about you.

Not interested either. I don't brag about my wealth online, you do - it is plain obvious who is the loser.

 

[Royalblood]

man, I can't help but laugh at the stupidity and short sightedness of this Saverin guy

Did i read somewhere that he majored in economics back in Harvard Uni!? This is the sort of calibre produced by harvard uni... he must have been one of those typical white trash kid who booze and party his way out of uni

His intelligence level does not seem to match up his wealth.... he will be penniless in no time lol

 

[Merl Haggard]

man, I can't help but laugh at the stupidity and short sightedness of this Saverin guy

Did i read somewhere that he majored in economics back in Harvard Uni!? This is the sort of calibre produced by harvard uni... he must have been one of those typical white trash kid who booze and party his way out of uni

His intelligence level does not seem to match up his wealth.... he will be penniless in no time lol

FB's price is heading for the low 20's when the 90 day moratorium expires.

Short the bugger!

 

[Cruxx]

Let's hope the increasingly desperate Americans would invade Sinkieland one day for abetting tax evasion/avoidance. I'll enjoy the fireworks from afar

 

[Froggy]

Yeah... i know... that poet irritates the hell out of me

I have to admit I don't read every one of his poem or most of them but then some not bad at all especially this that I printed 2 copies one on my office wall and one on a transparent folder for document which I bring with me everywhere I go in my work bag. Thanks eatshitndie.

 

[eatshitndie]

I have to admit I don't read every one of his poem or most of them but then some not bad at all especially this that I printed 2 copies one on my office wall and one on a transparent folder for document which I bring with me everywhere I go in my work bag. Thanks eatshitndie.

you're more than welcomed. will be tempted to compose new poetry if and when the occasion arises. and i hate politics and those spewing politics here. they need to confine themselves in the political closet and masturbate there.

 

[niwdee]

they should also go after Jet Li as well


read this
http://www.qwealthreport.com/blog/

 

[Cruxx]

Kao. The poem is cringeworthy. Never again please

 

[Jah_rastafar_I]

OMG joetys actually prints them and kept them as a momento. Cutebay is now going to become a full time poet.

 

[longbow]

1) that Saverin guy is an idiot. Keep mouth shut and all is well.
2) Singapore's existence as a haven is only because these first world countries cannot decide on how to deal with these crooks.
3) 1st world countries all no money and it is popular to tax the rich (see France)

 

[Froggy]

Sawasdee krup Jah, when I see something worthy I want to remember, when I say I do I really do it la. I'm no poet in fact when you see my written engrish in my postings you notice its horrendous.

OMG joetys actually prints them and kept them as a momento. Cutebay is now going to become a full time poet.

 

[eErotica69]

man, I can't help but laugh at the stupidity and short sightedness of this Saverin guy

Did i read somewhere that he majored in economics back in Harvard Uni!? This is the sort of calibre produced by harvard uni... he must have been one of those typical white trash kid who booze and party his way out of uni

His intelligence level does not seem to match up his wealth.... he will be penniless in no time lol

You said he is stupid and then you added that he party and booze his way out of Harvard???

Hello is Havard and not some India university you know?? Dun you think you sound silly on this point?

 

[Jah_rastafar_I]

Sawasdee krup Jah, when I see something worthy I want to remember, when I say I do I really do it la. I'm no poet in fact when you see my written engrish in my postings you notice its horrendous.

ah joe i don't mean you trying to be a poet. I meant eatshit. I wrote cutebay which is eatshit's nick in the old sammyboy.

 

[Royalblood]

You said he is stupid and then you added that he party and booze his way out of Harvard???

Hello is Havard and not some India university you know?? Dun you think you sound silly on this point?

Come on la, don't be sillly u, getting into harvard does not mean that he is clever/ academically incline....he could be one of those who got in through other means considering his family background. And yes, connections and a lot of money really helps you to get into top western Uni.

u never go uni b4 is it. it is not tat hard to complete uni, especially western unis, these days. The hard part is getting into that Uni (through whatever means u have). once in there, u can just swtich off, leech on others, and booze ur way out of tat whatever top uni, albeit with lousy GPA.

 

[Cestbon]

$100m tax will not save USA economy. USA army alone spend nearly 1/4 of the total budget or about US$800b.

 

[neddy]

I can see their point here. The US Democratic Senators have a point. This Brazilian family was under threat in Brazil, gain US residency, then Citizenship, Harvard, etc then use American Business Environment to create FB. now want to wash hands of USA passport. He thought the US exit tax would be the end and now he has his PR man working overtime spinning lies. What an idiot. Move to Singapore because of no capital gains tax, thinking no 15% capital gains tax for him on 3-4Billion dollar shares. Now 30% tax coming. Ha Ha Ha. Thinking to save so much money and no filing annual 1040 and 2555 and TD 90s instead now he cant even visit his family in USA! Banned! King power to US lah.

http://www.bloomberg.com/video/92888269/

Now that he is in Singapore he will extract what he can here and then leave. Singapore better watch out.

Nothing to gain from renouncing US passport, US taxes lower than Europe, Australia, Canada, etc.

Obviously, US tax is still high. Eg Corporate tax = 35%. Nothing like a tax haven and rich magnet like Singapore to play in.

 

[rusty]

Excuse me for this bit of diversion,

Singapore has the police to investigate money laundering and arrest those responsible but who has the authority to investigate Singapore Government's involvement directly or indirectly if any? Who can one complain to if there is?