National Review editor-in-chief Rich Lowry wrote a searing attack on the “right-left pincer” attacking big tech for Politico. The piece fails to mention Google CEO Sundar Pichai’s recent acknowledgment that the National Review Institute, of which National Review is a wholly owned subsidiary, received money from his company. Last month, the Google CEO confirmed that his company donated money to the National Review Institute, the nonprofit behind National Review (although he offered a confused explanation as to why Google’s transparency report failed to mention the donation, which took place in 2017, until recently).Yet the National Review’s editor fails to mention the donation is his piece for Politico, bluntly titled “Don’t Break up Big Tech.” In the piece, Lowry complains that Democratic candidate Elizabeth Warren’s recent proposal to break up and regulate big tech did not receive the usual … [Read more...] about Bokhari: Don’t Regulate Google, Says Google-Funded National Review Editor
Ato regulated self managed superannuation fund
Carl Lamb, managing director of Almary Green Archant This week, our reader wants to know if self-investing in a pension scheme will help to lower income tax on other aspects of his earnings. Carl Lamb of Almary Green responds. Reader question: I have a small portfolio of rental properties – mostly flats – which I run in a partnership with my brother. I also have a job which pays a salary that covers my bills, so I normally put the rents from the properties into savings accounts (normally ISAs), so the interest stays free of tax but I do have to pay income tax on my rental income. I have heard that I might be able to put them into my pension scheme and so not pay the income tax. Can this be done?Almary Green ResponseIt is possible to put some types of property into a self-invested pension scheme but sadly that excludes residential property, so this is not an option for your rental property portfolio. Self-invested pensions can hold commercial property and land so are … [Read more...] about Ask the Expert: Can I self-invest in a pension to achieve lower income tax?
Stan Choe, Ap Business Writer Updated 8:06 am PST, Tuesday, January 22, 2019 FILE- In this May 20, 2008, file photo John Bogle listens during an interview at The Associated Press in New York. The surge in popularity for index funds is a product of their lower fees, better performance and the preaching of Bogle, the founder of Vanguard Group, which launched the first index mutual fund for individual investors in 1976. Bogle died Wednesday, Jan. 16, 2019, at 89 after pushing for years to keep costs down and widen access to index funds. less FILE- In this May 20, 2008, file photo John Bogle listens during an interview at The Associated Press in New York. The surge in popularity for index funds is a product of their lower fees, better performance ... more Photo: MARK LENNIHAN, AP Photo: MARK LENNIHAN, … [Read more...] about 40 years after his “folly,” Bogle’s index funds reign
By Josephine Mason, Abhinav Ramnarayan and Helen Reid LONDON (Reuters) - BlackRock and Goldman Sachs Asset Management both plan to temporarily move some British-based fund managers to New York in the event of a no-deal Brexit, two sources told Reuters. The portfolio managers would eventually be transferred to mainland Europe to handle client accounts there once Britain and the European Union agreed a regulatory framework, they added. But neither of the firms, who together employ more than 10,000 people in London, expects a chaotic exit that would force them to carry out the emergency relocation, the sources said. A spokeswoman for BlackRock, which is the world's biggest asset manager and manages around $6.3 trillion (£4.88 trillion), declined to comment on the plan but in an emailed response to Reuters said: "BlackRock maintains extensive regulatory licenses and permissions across Europe and globally to ensure it can continue to serve its clients post-Brexit." To avert such moves, … [Read more...] about Exclusive: BlackRock, Goldman to move some fund managers to U.S. if no-deal Brexit
Nov 02, 2:55 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Ranjitha Shastry 11/02/18 AT 2:20 AM The Securities and Futures Commission (SFC) of Hong Kong published a statement Thursday laying down a set of guidelines on regulatory standards expected of virtual asset "portfolio managers and fund distributors." The statement also said that the SFC will explore the "conceptual framework" for the regulation of virtual currency exchanges. The SFC had identified the risk associated with investing in virtual assets, the primary reason that prompted the regulator to issue the specific guidelines. "While virtual assets have not posed a material risk to financial stability, there is a broad consensus among securities regulators that they pose significant investor protection risks. Some of these risks are inherent in the nature and characteristics of the virtual assets themselves and others stem from the operations of … [Read more...] about Hong Kong’s Securities Watchdog Outlines Plan To Regulate Cryptocurrency Exchanges