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Business people leaving U.S. over taxes

May 26, 2012
The Marietta Times

In an administration of ignominious firsts aimed at "fundamentally transforming America," one tends to lose track of the new "lows." Still, a bill was recently proposed that should draw your attention. The brainchild of Democrat Senator Charles Schumer, the legislation is aimed specifically at Facebook co-founder Eduardo Saverin - who recently renounced his American citizenship rather than pay an estimated $67 million in taxes - and generally at the growing number of expatriates who find it disadvantageous to conduct business in the United States.

 
 

 

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