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October 23, 2014, 1:42 am
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Report: Rauner Diverted Portion Of Personal Wealth To Cayman Islands Account


Republican candidate for governor Bruce Rauner has reportedly diverted some of his fortune into off-shore accounts in the Cayman Islands, a technique often used by wealthy Americans to avoid paying taxes on that money.

 

The Chicago Sun-Times says it has confirmed the existence of the Cayman accounts.  That drew sharp criticism from Governor Pat Quinn's campaign, which accuses Rauner of trying to evade paying his fair share.

 

Rauner's campaign says the candidate has fully complied with all tax laws.

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