Thread regarding Sears layoffs

Tax Implications

One more blow to the bottom line:

Sears Holdings has cut about 400 jobs, mostly at its Hoffman Estates headquarters, this puts the company under the employment threshold required to receive the annual tax breaks it brokered in a 2011 deal with the state.

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Post ID: @OP+NM4aH90

9 replies (most recent on top)

they are not paying anyone taxes soon.

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Post ID: @spu+NM4aH90

@NM4aH90-tqp

Illinois HAS a property yax - the HIGHEST in the nation

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Post ID: @gde+NM4aH90

@djt..wasn't aware Illinois didn't have property tax. Learn something new every day.

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Post ID: @tqp+NM4aH90

no profits....no taxes.

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Post ID: @djt+NM4aH90

Bring back the "Shop Your Way" program and "point" incentives ! That would save 5 bucks !

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Post ID: @zdj+NM4aH90

"Doesn't really matter if they don't plan to pay the next round of taxes."

Its NOT about Sears PAYING the taxes its about Sears RECEIVING tax break monies !!!!

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Post ID: @fbc+NM4aH90

Sears themselves admitted it has. Doesn't really matter if they don't plan to pay the next round of taxes.

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Post ID: @pmh+NM4aH90

This has already been explained. Moving on

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Post ID: @rzz+NM4aH90

Maybe not. They moved some call centers to Hoffman.

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Post ID: @spe+NM4aH90

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