Is this bill also going to go after the tax-dodging Corporations that moved their headquarters offshore to avoid taxes. If so, then they need to contact Dick Cheney of Haliburton fame and name and publicized every Coporation doing business with the government that moved its' headquarters overseas for tax purposes. It is exactly the same thing as this Facebook dude. Do some people get special treatment because of political influence or K Street pull? Follow through and name names.
What makes them think he settled in Singapore to avoid taxes? Maybe he prefers to live here and make Singapore his home just like the many Singaporeans who migrate elsewhere. Singapore does not recognize dual citizenship.
Nothing to see here folks, please move along. Congress feels that U.S. corporations, such as G.E. may pay no U.S. taxes LEGALLY yet that a private person, that was a U.S. citzen for ten years of his life, must have special targetted tax legislation passed to ensure that "all such" individuals remain U.S. taxable even while no longer U.S. citzens and living the rest of their lives abroad. Of course the 11 to 15 million illegal aliens now within our borders are just peachy, in the eyes of this same congress, and the federal gov't may continue to demand that the states provide every possible form of taxpayer supported assistance to them. Yes they can!
“The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman
There is better balanced coverage here:
In a statement on Thursday, Mr Saverin insisted his decision to renounce U.S. citizenship was 'based solely on my interest in working and living' in Singapore, and said that he would fulfill all his tax obligations. 'As a native of Brazil who immigrated to the United States, I am very grateful to the U.S. for everything it has given me,' he said. 'I will continue to invest in U.S. businesses and start-ups, and believe and hope that those investments will create many new jobs in the U.S. and globally.'
Read more: John Boehner backs law forcing Eduardo Saverin to pay U.S. tax | Mail Online'To be fair, Eduardo wasn't born in the U.S and has really lived internationally for most of his life,' said Ben Mezrich, author of the book on which Oscar-winning film The Social Network was based.
Read more: http://www.dailymail.co.uk/news/arti...#ixzz1vzLLuzFR
Last edited by RDS; 05-26-12 at 10:05 AM.