Funds in the sun: Rauner questioned about Cayman Islands investments
Just as Mitt Romney did in the 2012 presidential race, Republican Bruce Rauner faced election-year questions about his decision to invest part of his personal wealth in the Cayman Islands. But it didn't prove to be a lethal campaign issue for Illinois Democrats.
In a series of exclusive reports, I explored Rauner's investments in the notorious tax haven. The Republican gubernatorial campaign insisted that the former private equity investor didn't shirk his U.S. tax obligations. Moreover, they said, he properly disclosed to the federal government information regarding at least five investments by him or his firm in a country that has no income tax and a financial system cloaked in secrecy. Former Gov. Pat Quinn incorporated the issue into his television ads, but his campaign's assertion that Rauner was trying to "dodge taxes" went nowhere with voters. |
|
