Citi boss fires warning at government over banking taxFraser said there are alternatives if the UK launched a raid on banksThe boss of Citigroup has warned the government that “money votes with its feet” and there are “very viable” alternatives to London should Andy Burnham decide to hit the banking sector with higher taxes. Banking tax fears grow after blowout earningsBoth Barclays and JP Morgan have already warned the government against another levy on banks.JP Morgan boss Jamie Dimon threatened to ditch the American bank’s planned Canary Wharf headquarters if tax rates in the UK became more punitive. She added that she was worried by the government’s failure to rule out a potential tax on wealth and comments from now government ministers who have called for capital gains tax to be equalised with income tax. She referred to the high tax rate under the Labour government in the 1970s as a “disaster for the country”. Born in St Andrew’s, her ascent to the top of Citi in 2021 made her the most powerful woman on Wall Street.