JP Morgan's Dimon Warns UK Tax Hikes Could Derail £3 Billion Canary Wharf Tower

JP Morgan CEO Jamie Dimon told the Master Investor Podcast he can't commit to building a planned £3 billion Canary Wharf headquarters if PM Andy Burnham raises bank taxes. UK banks already pay 28% corporation tax plus a separate balance sheet levy. Dimon says shareholders have borne $5 billion from the levy. The tower would house 12,000 of JP Morgan's 23,000 UK staff.