
Illinois Democrat candidate for governor and billionaire heir to the Hyatt fortune J.B. Pritzker is being called out for refusing to answer questions over reports that he is hiding his income sources from voter scrutiny in offshore accounts.
The multi-billionaire only reported $15 million in state taxable income this year, leading to questions over Pritzker’s use of offshore trusts to shield his income from taxation.
Illinois’ top political blog, Capitol Fax, slammed Pritzker’s campaign this afternoon for refusing to answer questions about his assets, including his refusal to list the names of the offshore trust he benefits from. “The Democratic billionaire needs to stop hiding behind snarky statements and release the names of his trust funds. Period.”
Pritzker’s primary opponent Chris Kennedy has already listed the names of the trusts he benefits from. Previous reports have detailed the Pritzker family’s “legendary use of hundreds of offshore trusts to protect its wealth from taxes and the prying eyes of the Internal Revenue Service.”
J.B. Pritzker’s refusal to answer questions about his offshore trusts shows he may have something to hide.
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