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September 18, 2014, 6:47 pm
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Rauner's Cayman Holdings Political Issue in Race for Governor


Bruce Rauner’s campaign says the Republican candidate for governor followed all tax laws and fully disclosed his investments in off-shore accounts.

 

But Governor Pat Quinn’s camp is attacking Rauner’s use of those Cayman Islands accounts… suggesting it’s a way for the wealthy businessman to avoid paying taxes.

 

The Chicago Sun-Times reports that several of those foreign investments are tied to Rauner’s former holdings in the equity firm GTCR. Rauner says those investments did not affect his personal tax rate.

 

A Quinn spokesman says even if the strategy is legal… it’s still wrong.

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