CHICAGO (CBS) — Illinois Governor Bruce Rauner has answerable that autonomous amateur J.B. Pritzker trims his tax bill by ambuscade millions offshore. Now that affirmation is the accountable of a new Rauner commercial.
CBS 2’s Political Reporter Derrick Blakley fact-checked if that annual is true.
“Hide your money in the Bahamas,” Bruce Rauner’s advance bartering sings, claiming J.B. Pritzker has been accomplishing so for years, stashing money adopted to abstain U.S. taxes.
In the ad, Pritzker’s the arch of a coffer that specializes in shorting Uncle Sam.
“We can advice Illinois families like yours. We’ll adumbrate your money offshore, far from the IRS, aloof like J.B. Pritzker did,” the ad states.
Is the allegation true? “I’d say yes,” said CBS 2’s Derrick Blakley.
For the Pritzker’s, alienated taxes has been a ancestors affair. J.B.’s grandfather, A.N. Pritzker, accustomed dozens of trusts. In 2008, the New York Times declared, “The Pritzker’s were antecedents in application tax loopholes to apartment their backing from the centralized acquirement service.”
J.B. Pritzker, however, insists “those entities were not created by me.”
The Chicago Tribune apparent J.B. had interests in 11 Bahamas trusts created aural the aftermost ten years, with two created accurately to annual him.
It is ironic, said CBS 2’s Derrick Blakley, back a above affair of Pritzker’s advance has been “everyone should pay their fair share.”
“Just anticipate what your annual could be if you abhorred advantageous taxes,” the ad said.
In response, the Pritzker advance calls the ad, “Yet addition atrocious advance from Bruce Rauner, who not alone has claimed investments in the Caymans, but as a businessman, set up coffer accounts there.”
The Rauner ad additionally claims, “Considering our man J.B.’s plan to accession taxes on every ancestors in Illinois, there’s no bigger time to accessible an annual than today.”
CBS 2’s Derrick Blakley says that affirmation is false. Pritzker has apprenticed to accession taxes on the rich, not on every Illinois family, although he has banned to accommodate specifics.
The Rauner advance estimates Pritzker may abhorred as abundant as $47 actor in taxes in the aftermost decade by appointment funds, tax-free, from those Bahama trusts to the Pritzker family’s foundation.
As for his portfolio, Governor Rauner denies accepting adopted investments, adage he placed his backing in a “blind trust” afore demography appointment and does not ascendancy area they are put to work.
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