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As Obama plans taxes on super-rich, Billionaire Facebook founder Eduardo Saverin 'de-friends' United States and applies to give up his US citizenship to keep more of his fortune

He found refuge, security, and opportunity in the US. He went to university in the US. He invented the technology in the US. He made his billions in the US. And when it came to pay his dues and taxes, he renounced his US Citizenship and decides to go away!

“Days shy of Facebook's stratospherically hyped stock market listing, one of the firm's bright young founders has sparked outrage after deciding to renounce his US citizenship. Eduardo Saverin, a 30-year-old entrepreneur who helped Mark Zuckerberg launch the site from a Harvard dormitory just eight years ago, appears on a list of 1,780 once-proud citizens who last year told Uncle Sam that they would like to give up their passports. The move, which emerged over the weekend, is widely regarded as a tax dodge.”

A pertinent question for all Facebook users, who have made Facebook what it is today, so unbelievably profitable, is; how should we all come together and register our disaproval of his action?

Yet another and even more important question is how do we change the global financial structure to make tax dodging far more difficult than what it is today? In addition to closing 'tax havens' and breaking down the walls of bank secrecy laws, perhaps it is time to bring back the tariff in modern form. Those who do business in a country, making investments, selling and buying products should be obligated to pay taxes in an amount related to their commercial interests in that country. Those who play in the market place in a nation should not be allowed to escape taxes levied for the common good of that nation merely by changing their citizenship or their residency.

Read more:

http://www.independent.co.uk/news/world/americas/billionaire-facebook-founder-eduardo-saverin-defriends-united-states-to-keep-more-of-his-fortune-7743506.html