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Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO
  Posted by: Digg on May 14th, 2012 5:18 AM
Eduardo Saverin, the billionaire co- founder of Facebook Inc., renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill... Saverin, 30, joins a growing number of people giving up U.S. citizenship, a move that can trim their tax liabilities in that country.

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