Today, Senators Charles Schumer and Bob Casey are expected to announce a plan they have to re-impose the taxes on Saverin, part of a bigger scheme to go after expatriates who give up citizenship in order to avoid taxes. On top of that, they want to make it official that people who do avoid paying their taxes by renouncing citizenship are unable from ever re-entering the country again.
So, let me make sure I’m getting this straight. Eduardo Severin was born in Brazil and lived there for the first 16 years of his life. He has lived in Singapore for the past few years. He created Facebook with Zukerberg, and with the impending IPO, is about to owe about $67 million in taxes. So he renounced his US citizenship to avoid paying the taxes. And now he needs his own law.

