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JPMorgan Chase CEO Warns UK of Reconsidering Billion-Pound London HQ Investment if Bank Tax Increased

GateNews

According to JPMorgan Chase CEO Jamie Dimon, speaking on Tuesday (May 12) at the bank’s annual global markets conference in Paris, the firm will reconsider its investment in a new London headquarters if the UK government increases taxes on banks. Dimon stated that while political instability alone is not a concern, renewed hostile policies toward the banking sector would prompt a reassessment. He noted that JPMorgan has already paid approximately $10 billion in additional taxes in the UK, which he described as neither reasonable nor fair.

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