The Hill News

Sen. Orrin Hatch (R-Utah), the ranking member of the Senate Finance Committee, on Thursday warned that wealthy expatriates seeking to renounce their American citizenship is a sign that the tax code needs to be fixed.

Eduardo Saverin, a co-founder of Facebook, renounced his citizenship last year in news that broke last week. Senate Democrats charged Saverin with tax dodging at a press conference earlier in the day, but Hatch's spokeswoman said they missed the "root cause of the problem."

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