Facebook co-founder Eduardo Saverin has angered two senators with his decision to renounce his U.S. citizenship -- the timing of which will allow him to avoid paying taxes on the IPO windfall.
Sens. Charles Schumer (D-N.Y.) and Bob Casey (D-Pa.) announced today they will host a news conference at 8 a.m. PT to unveil a plan to stop people from renouncing their U.S. citizenship to avoid paying taxes. In addition, the plan will describe a new law that would bar "individuals like Saverin from reentering the country."
Saverin came under fire earlier this week … Read more