May 2012

Facebook co-founder Eduardo Saverin has defriended the United States

Almost 1800 Americans actually did the same thing in 2011.

Although the story is circulating that Saverin has decided to renounce his U.S. citizenship to go and live in Singapore for an indefinite period of time in order to save money on taxes, it may actually cost him in the long run according to other sources. Interestingly, this move may actually end up helping the United States.

Although, the number of Americans renouncing their citizenship has risen from 235 back in 2008 to almost 1800 in 2011, it is still very expensive to give up the U.S. citizenship. It’s not something I would do for sure.