News & Events
Stephen L. Hopkins Discusses Section 877A Expatriation Tax
October 11, 2013
Tax law attorney Stephen L. Hopkins presented “Eduardo Saverin and Section 877A Expatriation Tax” on September 19, 2013 at a Minnesota State Bar Association section education meeting. The presentation gave an overview of Section 877A, which deems all property of a covered expatriate is sold for its fair market value on the day before the expatriation date, and how Eduardo Saverin, Facebook co-founder, mitigated his U.S. income tax exposure when renouncing his citizenship in 2012. The presentation also briefly covered Canadian income taxes and the Canada-US Tax Treaty.