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0 0.000507958008804528 0.000474094141550919 0.00016931933626824 0.00165932949542841 0.000507958008804528 -0.000643413477819159 0.00169319336268202
Stock impact report

Jamie Dimon warns high taxes could push people out of New York — but Wall Street isn't leaving yet [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
His warnings haven't come true yet — in the first quarter, demand for NYC office space was up. Jamie Dimon warned that companies could leave high-tax cities like New York — but so far, they aren't. In his annual letter to shareholders , the JPMorgan CEO said New York City has "much going for it," but it also has high corporate and individual income taxes that are inhospitable to some businesses. Dimon, the man behind JPMorgan's new $3 billion building in Manhattan, said some individuals might move, noting that the wealthy are already fleeing a few states with high taxes and costs of living. A proposed wealth tax in California , the state with the most billionaires, has drawn sharp criticism from some lawmakers and business leaders. Some big names are already leaving, like Google cofounders Sergey Brin and Larry Page , who moved entities linked to them out of the state ahead of a deadline tied to the proposal. In his letter, Dimon didn't name New York City Mayor Zohran Mamdani Show less Read more
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