Why do you oppose special bank levies like the three percent extra corporate tax in the UK?
Replied byJamie Dimon
Chairman & CEO at JPMorgan Chase
Niche: Finance
Revenue: Approx. $15 Billion/month
Location: USA
Started: 1799
It is unprincipled to punish healthy companies that did not cause the financial crisis. JP Morgan is a great citizen in the UK, hiring veterans, training workers, and providing medical coverage. Special bank taxes have cost our shareholders five billion dollars, which ultimately discourages capital formation and drives companies to delist from London.
0
From the Full Interview
This answer is part of a full interview with Jamie Dimon, Chairman & CEO at JPMorgan Chase.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Jamie Dimon's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
Is it lonely to make massive, high-risk corporate decisions like acquiring Bear Stearns?
By Jamie Dimon
Finance
Approx. $15 Billion/mo
What has enabled Marshall Wace to thrive for nearly three decades while many peer hedge funds have disappeared?
By Sir Paul Marshall
Finance
Not Publicly Disclosed/mo
Why did you choose to invest in independent media platforms like UnHerd, GB News, and The Spectator?
By Sir Paul Marshall
Finance
Not Publicly Disclosed/mo
How did TymeBank become the first profitable digital bank in Africa?
By Coen Jonker
Finance
Not Publicly Disclosed/mo
Why do you believe that bank branches have no future in modern finance?
By Coen Jonker
Finance
Not Publicly Disclosed/mo
How should public market investors approach trillion dollar private valuations like SpaceX and OpenAI?
By Bill Ackman
Finance
Not Publicly Disclosed/mo
Why did you borrow three hundred million dollars from JP Morgan during your firm's crisis?
By Bill Ackman
Finance
Not Publicly Disclosed/mo