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Facebook Co-Founder Chooses Singapore Over US

Category: Tourism, Posted:13 May 2012 | 07:16 am

If you want to see how the new world order is shaping up just check out the latest news on Facebook Co-Founder Eduardo Saverin.
The billionaire has taken up citizenship in Singapore and renounced his US citizenship in a move that a few years ago would be unthinkable.
Much of the move has been motivated by taxation concerns ahead of Facebook's touted IPO and of which Saverin could benefit substantially from his shift of tax bases.
While the West is embroiled in a tax the rich focus these days, there is a danger that the move will drive entrepreneurs and high net worth individuals overseas.

Other News

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After The Sandbox – Phuket Hotels Ask What’s Next?

Category: Hotels, Posted:16 Sep 2021 | 09:37 am The resort island of Phuket’s proof of concept Sandbox advantage looks to dramatically change come October. Since the first of July island hotels have experienced considerably higher occupancy levels and much-needed revenue from international arrivals. This has been Sandbox generated, and travelers, not necessarily tourists. Bangkokians fleeing the red zone situation have also aided in […]
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Remembering Florian Hallermann

Category: Hotels, Posted:16 Sep 2021 | 08:56 am We’d like to take a moment to remember Zeavola General Manager Florian Hallermann. Florian tragically died in a hiking accident in Ko Phi Phi. He was a familiar face in Greater Phuket hospitality circles for many years and well-loved in Ko Phi Phi, which was his last posting. Looking back at the start of our […]
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The Thaiger Digital Summit – Seven Thai Tech Start-Ups Speak Out

Category: Real estate, Posted:11 Sep 2021 | 10:02 am Disrupt or Die. Tune in to a full-tilt, one-hour online event led by The Thaiger’s Co-Founder and leading digital entrepreneur Michael Kenner. On the virtual stage will be fast-paced conversations with seven amazing start-up disruptors who are set to change Thailand’s online space. From super apps, the sharing economy, big data, to taking business off […]