The gossip around Facebook's impending initial public offering (IPO) that's expected to take place in the coming weeks, or even days, received another juicy bit of intrigue when one of the firm's founders, Eduardo Saverin, renounced his US citizenship.
The move was immediately cited as a tax dodge by critics, as by taking citizenship of Singapore he is reported to save some $600m in tax on the cool $4bn he is expected to make when the firm's stock hits the markets.
According to the BBC, a spokesperson for Saverin explained the decision by saying he, "found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time".
While it makes good fiscal sense for Saverin, there is something slightly unwholesome about the situation, as Facebook is cited as one of the shining lights in Silicon Valley's ability to conjure up new, world-changing businesses that make the US as a world-leading tech hub.
For one of its co-creators to give up his relationship with this country for the purposes of saving a chunk of change (admittedly a rather large chunk), seems a touch rash, but as Saverin was actually born in Brazil, perhaps he doesn't have such strong ties to the nation.
It comes just a few days after founder-in-chief Mark Zuckerberg was slated for wearing a hoodie and sandals to a meeting with investors.
However, with both Zuckerberg and Saverin now expected to rake in billions, neither probably care much what the critics have to say about their living locations or sartorial style.
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