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October 21, 2014, 10:11 am
970 WMAY News

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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