With news this week that Denise Rich, ex-wife of a renowned tax-dodger, is renouncing her U.S. citizenship and thereby avoiding taxes, we decided to take a look at other successful citizens who became ex-pats in order to avoid filing a 1040. Apparently it's getting more common as the IRS cracks down on undeclared and untaxed foreign holdings.
Facebook co-founder Eduardo Saverin, who is simultaneously becoming one of the richer and more reviled people around, wants to set the record straight.
Saverin, who helped Mark Zuckerberg launch Facebook in 2004, will become an instant billionaire when the social-networking giant goes public in its massive IPO later this week. But Uncle Sam's tax bite is expected to be tempered by the fact that Saverin, a Brazilian who immigrated to the U.S. as a boy to avoid kidnapping plots, has renounced his U.S. citizenship.
The recent revelation has raised the consternation of many, including my ZDNet colleague … Read more
A tech industry watchdog plans to investigate conditions at a Chinese hardware factory that supplies IBM, Microsoft, Dell, Lenovo and Hewlett-Packard, following a damning report on conditions there by a human-rights organization.
The National Labor Committee report, "High Tech Misery in China," said these tech giants use Meitai Plastic and Electronics, a keyboard supplier that operates a factory that "dehumanizes young workers."
In response, the Electronic Industry Citizenship Coalition (EICC), a self-regulating body set up by tech companies, will carry out a third-party audit into the working conditions at the factory, IBM told ZDNet UK on … Read more
Queue the music: the U.S. Department of Homeland Security is about to get its own reality show.
On Thursday, ABC announced a mid-season replacement show called "Homeland Security USA." From Arnold Shapiro, the Emmy-winning producer of such documentaries as Scared Straight," the network said the series will give viewers an unprecedented look at the work of the men and women at the DHS "while they use the newest technology to safeguard our country and enforce our law."
The 13 hour-long episodes were shot entirely on location throughout the United States.
ABC says the producers … Read more