[romeodelight]

Singapore doesn’t have a capital gains tax.

At 15% long-term capital gains tax rate on $3.84B (4% of Facebook),

He saved $576 Million by giving up his citizenship and moving to Singapore.

[rudiger]

Not exactly. He's paying some tax now, while Facebook is still private. It's just that once it's public, the value of his stake will be much more transparent and so he'll have to pay more taxes.

[romeodelight]

Only realized capital gains are taxed. The capital gain is not realized until the stock is sold. So the answer is no, he's not paying "some" taxes now on his fb shares.

He may have sold some stock to private investors but I don't think that's what you meant.

[waterlesscloud]

He's actually paying as if he sold it all at the time his citizenship was revoked. It's the "exit tax" all the stories on this mention.

[romeodelight]

Thanks for the clarification.