Banks could offer Healey five-year freeze on £4bn tax shield

Jamie Dimon’s U.K. Tax Warning Puts JPMorgan’s 22,000 Jobs in Focus

A Downing Street meeting has turned JPMorgan Chase’s British payroll into leverage in a tax fight. Chief Executive Jamie Dimon met Prime Minister Andy Burnham and Chancellor John Healey on Sept. 9 as the government considered a windfall levy on banks ahead of its Oct. 28 budget, according to Bloomberg Law. Dimon cautioned that higher…

Banks could offer Healey five-year freeze on £4bn tax shield

Jefferies analyst Jonathan Pierce says lenders could offer the chancellor a freeze on deferred tax assets to avert a steeper tax rise on 28 October.