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Saverin expatriation.

Saverin expatriation.

Old May 19th 2012, 8:30 pm
  #31  
nun
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Default Re: Saverin expatriation.

Originally Posted by HarryTheSpider View Post
I understand that Saverin has already stated he will pay his full US tax obligations, and did so some days ago...
Sure the Facebook share price was probably estimated below $38 when he paid 15% CGT at expatriation, but what happens if he now sells his shares at a higher price. I'd have though he'd pay 30% on the difference as Facebook is a US firm and he's an NRA resident in Singapore.
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Old May 23rd 2012, 3:21 am
  #32  
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Default Re: Saverin expatriation.

At $31/share Saverin may well have paid more tax at expatriation than he would if he sold now. However, in his situation expatriation is probably worth it however low the FB share price goes as it removes a lot of IRS restrictions and paperwork.
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