JPMorgan Chase CEO Warns UK Government Against Increasing Bank Taxes
MT Newswires Live
Jul 21
JPMorgan Chase (JPM) Chief Executive Jamie Dimon cautioned the UK prime minister against raising taxes on lenders, stating it could imperil the company's planned 3 billion British pounds ($4.03 billion) London office project, the company's CEO Dimon said in a podcast Monday.
An increase to the bank levy or corporation tax surcharge would bring negative investment outcomes and push capital out of the country, Dimon told The Master Investor Podcast.
Dimon also highlighted recent corporate delistings from London as an indicator of an uncompetitive financial market.
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