Report: Documents show U.S. has approved sale of Chicago Stock Exchange to Chinese firm

The sale was approved despite the objections of several U.S. lawmakers. /Getty Images

 

The sale was approved by the Committee on Foreign Investment in the United States (CFIUS) to a Chinese group led by Chongqing Casin Enterprise Group despite the objections of several U.S. lawmakers who cited concerns about the level of influence the Chinese state might gain over the Chicago exchange, Reuters reported.

Soros Hides Billions From U.S. Taxes

 

Liberal billionaire George Soros has avoided paying billions in federal taxes by transferring assets to Ireland, a corporate tax haven, Bloomberg reported on Thursday.

Soros “had amassed $13.3 billion” by deferring taxes on fees paid by his hedge fund’s clients, according to Bloomberg. Efforts by U.S. lawmakers to close what some described as a loophole would have generated an additional $6.7 billion in tax revenue from Soros’ trading operation.