Why is billionaire Lakshmi Mittal leaving UK? All we know about Labour govt’s new taxes
Indian-origin steel billionaire Lakshmi Mittal is leaving the UK due to the country’s new tax reforms targeting the super-rich. He is currently tax-resident in Switzerland but will now spend most of his time in Dubai, where there is no inheritance tax. Other wealthy individuals, such as Herman Narula and Rio Ferdinand, are also leaving the UK due to the tightened tax regime.