Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again.
In September 2011, Saverin relinquished his U.S. citizenship before the company announced its planned initial public offering of stock, which will debut this week. The move was likely a financial one, as he owns an estimated 4 percent of Facebook and stands to make $4 billion when the company goes public. Saverin would reap the benefit of tax savings by becoming a permanent resident of Singapore, which levies no capital gains taxes.
At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to [continue reading in new window...]
An influential panel is calling for an 80 percent reduction of U.S. nuclear weapons and an elimination of all nuclear armed intercontinental ballistic missiles.
The Obama White House is drawing ridicule for appending the official online biographies of nearly every president over the last century in order to link President Obama’s accomplishments to the former commanders in chief.
May 15 (Bloomberg) — President Vladimir Putin is showing U.S. President Barack Obama his displeasure over the criticism of Russian elections and the lack of progress on a planned missile shield by skipping the Group of Eight summit for the first time as president, said Alexei Pushkov, a senior lawmaker.
ALMATY, Kazakhstan – A three-man crew blasted off from a space center in southern Kazakhstan Tuesday morning on board a Russian-made Soyuz craft for a four-and-half-month stay at the International Space Station.
Talking surveillance cameras that bark orders at passers-by and can also record conversations are heading for U.S. streets, with manufacturer Illuminating Concepts announcing the progress of its ‘Intellistreets’ system.
Follow Us!