Why is billionaire Lakshmi Mittal leaving UK after 3 decades?
Billionaire Lakshmi Mittal is reportedly leaving UK after nearly three decades as the government weighs tax changes targeting the super-rich. The abolition of "non-domiciled" tax status, which allowed wealthy residents to pay tax only on income earned within UK is possibly the reason Mittal is moving out of the nation. Inheritance tax is also a key factor behind the move.