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International Business Times UK
International Business Times UK
Niloy Chakrabarti

JPMorgan CEO Warns UK PM Burnham Higher Bank Taxes Could Threaten $4B HQ Plans: 'I Would Be Very Cautious'

Jamie Dimon JPMorgan United Kingdom Andy Burnham London Economy
Dimon believes higher taxes on banks could impact the UK’s competitiveness. (Credit: JPMorgan Chase)

JPMorgan CEO Jamie Dimon has renewed his warning that higher taxes on banks could make the UK a less attractive place to invest. He recently cautioned UK Prime Minister Andy Burnham that further levies on the financial sector may compel the Wall Street giant to rethink parts of its long-term expansion plans in London.

Specifically, Dimon said higher taxes on financial institutions could threaten plans to build its $4 billion, 279,000 square metre headquarters in Canary Wharf, London.

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