
Oktoberfest in the news: How people around see beer's birthday
Section: Arts
Anyone paying attention to the news the last week is aware of Facebook's IPO (initial public offering), and the uproar about the company's purportedly inflated value. What might have easily been overlooked is the story of cofounder Eduardo Saverin. According to the German economic magazine Wirtschafts Woche, the former Facebook CFO and business manager has given up his American citizenship in return for that of Singapore. In so doing, he will reportedly save more than 100 million US dollars in taxes.
Although the Brazilian-born and Harvard-educated entrepreneur disputes the fact that he has changed his citizenship for tax saving purposes, the perception is that he would like to enjoy Singapore's more attractive tax environment. To his credit, he had already applied to relinquish his American citizenship back in January of 2011, which is long before Facebook first floated its shares on the NASDAQ stock exchange.
The American government had however done its best not to release the news that it would be losing one of its most prominent venture capitalists. Rarely shy about exploiting an opportunity to seize political gain, several US senators have suggested introducing taxes specifically targeting such tax dodgers. In this specific case, that would amount to political posturing. After all, Mr Saverin is now safely out of the reaches of American tax authorities.
Section: Arts
Section: Business
Section: Business
Section: Arts
Section: Health
Section: Arts
Section: News
Section: News
Section: Arts
Section: Business
Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.
Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.
One of the most beautiful squares transforms into a summer stage every year for two days. The Gärtnerplatz Open-Air features a free music and cultural program across three stages, as well as street food from local vendors. On Saturday, the main stage at Gärtnerplatz offers something for everyone,...
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