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Senators To Unveil the 'Ex-Patriot Act' To Respond To Facebook's Saverin

Posted by timothy on from the why-schumer-is-my-least-favorite-congresscritter dept.

An anonymous reader writes "Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again." See this earlier story on Saverin's plan to make the leap out of the U.S. tax system.

2 of 716 comments (clear)

  1. Re:Not Just Saverin by Lynchenstein · · Score: 5, Interesting

    And extend this to the "other" people, AKA corporations that do this. Apple, Coke, Microsoft...the list goes on. If you don't like the loopholes, then close them. But start from a position of honesty and integrity before criticizing others.

  2. A sneaky way to put Halliburton in jail... by SethJohnson · · Score: 5, Interesting
    Since corporations have been ruled to be people by the Supreme Court, I'm excited to see the Democrats finally concoct a distraction for enacting legislation that will ultimately put Dick Cheney's employer in jail.

    Back in 2007, Halliburton was making so much money off no-bid war-related contracts, it moved headquarters out of America in order to avoid paying taxes on all the money it was making from the US government.

    Sen. Patrick Leahy, D-N.H., called the company's move "corporate greed at its worst." He added, "This is an insult to the U.S. soldiers and taxpayers who paid the tab for their no-bid contracts and endured their overcharges for all these years. At the same time they'll be avoiding U.S. taxes, I'm sure they won't stop insisting on taking their profits in cold hard U.S. cash."

    Very clever Mr. Schumer!

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