JPMorgan boss Jamie Dimon warns of ‘consequences’ if Andy Burnham taxes banks
JPMorgan CEO Jamie Dimon warned that raising taxes on banks under new UK Prime Minister Andy Burnham would have "adverse consequences," saying "if you have an uncompetitive tax system, capital leaves your country." He cast doubt on JPMorgan's planned 3 billion pound Canary Wharf headquarters and noted UK banks already pay a 28% corporation tax rate.
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