JP Morgan boss warns of ‘consequences’ if Burnham taxes banks
The News
JP Morgan CEO Jamie Dimon warned UK Prime Minister Andy Burnham against increasing taxes on banks, suggesting it could jeopardize the bank's planned £3bn headquarters in London and discourage investment in Britain. Dimon has previously criticized the UK's bank tax surcharge. The warning comes as Burnham considers targeting the banking sector for additional revenue.
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The Analysis
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JP Morgan plans a £3bn headquarters in London
JP Morgan CEO Jamie Dimon warned UK Prime Minister Andy Burnham against raising tax charges on banks.
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Key findings
JP Morgan CEO Jamie Dimon warned UK Prime Minister Andy Burnham against raising tax charges on banks.
The Guardian- JP Morgan plans a £3bn headquarters in London
- Dimon warns tax hikes could threaten this investment
Plain English
Loaded language removedHigher taxes on sector could affect plan for £3bn headquarters in London, says Jamie Dimon
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Claims
JP Morgan CEO Jamie Dimon warned UK Prime Minister Andy Burnham against raising tax charges on banks.
The GuardianDimon suggested that raising tax charges could threaten plans for JP Morgan's £3bn headquarters in London.
The GuardianDimon said that higher taxes could drive investment away from Britain.
The Guardian