Facebook co-founder Eduardo Saverin has given up his US citizenship in the run-up to the Facebook IPO.  Not that it didn’t cost him.  High net-worth folks like Saverin have to pay what is in effect an exit tax, under the mis-acronymed HEART Act.  Under this 2008 legislation, renunciation is treated like a tax event, at which point your assets will … Continue reading Facebook Co-Founder, Patron Saint of Tax Renunciants