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.