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Jamie Dimon Discusses the Economic Trade-Offs of UK Bank Taxes
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Subscribe21 JUL 2026 / ACCOUNTING & TAXES
JPMorgan Chase CEO Jamie Dimon has warned UK Prime Minister Andy Burnham that increased taxes on banks could discourage investment and put the bank’s £3 billion London headquarters under review. The warning comes as the bank reports $21.2 billion in quarterly profit and the government faces pressure to fund public needs, raising questions surrounding whether additional taxes would deter capital from profitable banks or discourage business investments.
It takes a certain kind of timing to warn a government against taxing banks six days after your own bank reports $21.2 billion in quarterly profit. Jamie Dimon has that timing. JPMorgan Chase’s chief executive has cautioned Britain’s new prime minister, A...
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