Jamie Dimon Warns on New York City's Competitiveness Due to High Taxes

Jamie Dimon's letter to shareholders has a 'New York warning'

JP Morgan CEO Jamie Dimon warned that New York City's rising taxes and regulatory pressures are impacting its competitiveness. He highlighted the city's high corporate and individual income taxes, noting an exodus of people and jobs from high-tax states. Dimon emphasized the need for cities to remain competitive in the global financial landscape.

By TOI TECH DESK