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    JP Morgan's Dimon warns against bank tax increases

    16 hours ago

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    Jamie Dimon, CEO of JP Morgan, cautioned UK Chancellor John Healey against raising taxes on bank earnings ahead of the upcoming autumn Budget. He argued that higher taxes could drive jobs abroad, referencing a decline in finance roles in New York due to tax burdens. Dimon emphasized the need for a competitive tax system to retain capital in the UK.
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