"Deutsche Bank sometimes threatens to leave Germany. JPMorgan hints it might decamp from America. Where do these guys imagine they are heading? Do they pass each other at the airport with a confused look on their faces? Where the hell are you going? Can I have your parking space?"
Banks don't move jurisdiction very often, especially since they tend to need a government bailout every once in a while. And there are many many good reasons for being based in London aside from the prevailing tax rate, not least that everyone else is."
from the independent...
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