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Either he sold his Facebook stock before leaving, in which case he already paid taxes on it. Or he didn't, and since FB is an american company listed on an ame
by nirvana 14y ago
Either he sold his Facebook stock before leaving, in which case he already paid taxes on it. Or he didn't, and since FB is an american company listed on an american exchange, when he sells any of it he'll still be subjected to long term capital gains, as any other non-US citizen who owns stock on a US exchange is.
Thus the only thing to be upset about is that we have a person who has the ability to produce a high income for himself that the USA can no longer tax.
- gsb 14y agoNon-resident aliens are specifically excluded from paying capital gains to the US. I wonder why? The US also refuses to collect information on income earned in the US by foreign residents (currently there are some efforts to change this, being obstructed by congress). Of course if you suggest that this means the US is a tax haven then you are in for an earful. Other, bad, countries are tax havens. Never the magnificent USA! A far more equitable solution to the Saverin 'problem' would be to apply CGT to ALL US-derived gains. Most countries do this. But that is unlikely to happen as it would reduce foreign investment...