Senators to Blast Facebook Co-Founder Saverin

May 17th, 2012

FAKE NEWS for the Zionist agenda

Senators Charles Schumer and Bob Casey are planning a press conference on Thursday to protest Facebook co-founder Eduardo Saverin‘s decision to renounce his U.S. citizenship.

The two Democrats, who represent New York and Pennsylvania, respectively, plan to take Saverin to task for “tax dodging.” The Senators, who are set to speak at 11 a.m. in Washington, D.C., Thursday, will also unveil a plan that will bar Saverin and other such expats from returning to the U.S. and re-impose taxes on them.

Saverin, who was born in Brazil, filed to give up his U.S. citizenship in January 2011 to become a citizen of Singapore. The news surfaced in late April, however, when the federal government made it public in a routine filing. Saverin, who co-founded Facebook but was later estranged from the company, received a settlement that will likely put his wealth in the $3 billion range when Facebook goes public on Friday.

Though Schumer and Casey charge that Saverin will “duck up to $67 million in taxes” since Singapore has no capital gains tax, Saverin told The New York Times that his decision wasn’t driven by economics.

“This had nothing to do with taxes,” he said. “I was born in Brazil, I was an American citizen for about 10 years. I thought of myself as a global citizen.”

Though Schumer and Casey have yet to reveal their plan, barring Saverin from re-entry to the U.S. might be a moot point: According to Talking Points Memo, Saverin may already be unable to return because of a provision of immigration law that prohibits re-entry for people who renounce their citizenship for tax purposes.

This story originally published on Mashable here.