JPMorgan chief Jamie Dimon criticizes UK windfall tax on domestic banks
JPMorgan CEO Jamie Dimon warned that a UK windfall tax on domestic banks is unfair, lacks principle, and will raise capital costs.
JPMorgan Chase Chief Executive Officer Jamie Dimon has criticized British taxation policy, stating that a windfall tax on UK domestic banks is "unfair" and "lacks principle."
Speaking at JPMorgan's Tech Stars Conference in London, Dimon warned that targeted levies on financial institutions would elevate the cost of capital and ultimately produce negative economic consequences. The executive argued that penalizing domestic lenders undermines sector predictability and financial competitiveness. The remarks arrive as policy discussions continue in the UK regarding banking sector taxation and government revenue strategies.
Sources: Bloomberg