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Jimmy John’s founder contemplates moving headquarters out of Illinois

25 Jan

The founder of Jimmy John’s said he has applied for Florida residency and may recommend that his corporate headquarters move out-of-state as a result of the Illinois tax increases enacted last week.

Jimmy John Liautaud told The News-Gazette on Tuesday that he is angry about the moves, which boosted the individual income tax from 3 percent to 5 percent and the corporate income tax from 7.3 percent to 9.5 percent.

via Jimmy John’s founder contemplates moving headquarters out of Illinois | News-Gazette.com.

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Posted by on January 25, 2011 in business, economy, taxes

 

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