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by Matt_Mickiewicz 5146 days ago
It's common for UK citizens to give up citizenship, prior to an exit in their business and move to Monte-Carlo or Gilbraltar for a few years to avoid capital gains tax.

If Facebook blows up on the IPO and the stock value increases 50% or 100% he could easily be saving $500m - $1b in taxes. It's a no-brainer...
1 comments
muyuu 5146 days ago
It's more of a no-brainer when he isn't even American. He "became" an American citizen in record time - arrived in the US in 1992 and was a citizen by 1998.

I'd say citizenship was given a tad too lightly.

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blahedo 5146 days ago
He's 30 now, right? So he arrived at age 10 and was a citizen sometime before 16. The rules are (as they should be) a little different for minors.

Edit: dumb math error.

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