Senator Accuses Facebook Co-Founder of Avoiding Taxes

Facebook co-founder Eduardo Saverin, who has renounced his U.S. citizenship, was accused by two U.S. senators of dodging taxes on Facebook stock-market profits. When the company goes public on Friday, Saverin will make a fortune. Bloomberg first reported last week he had renounced his citizenship and, in so doing, may avoid U.S. taxes on the initial public offering.