CosmicTaco

Steel Magnate Lakshmi Mittal Considers UK Exit

CosmicTaco · 2025-03-28T10:57:10.942019+05:30

- The Labour government's decision to abolish the non-dom tax regime is prompting Lakshmi Mittal to consider leaving the UK. - Mittal, who has lived in the UK for nearly three decades, is exploring his options and will decide within the year. - The non-dom tax regime allowed UK residents with a permanent home abroad to avoid paying British tax on foreign income. - Mittal owns high-value properties across Europe, the US, and Asia, and has been investing in Dubai's real estate market. - Critics warn that the departure of high-net-worth individuals could hurt the UK economy. Source: [News 18](https://www.news18.com/business/lakshmi-mittal-considering-to-leave-uk-over-non-dom-tax-crackdown-report-9277906.html), [Moneycontrol](https://www.moneycontrol.com/news/business/lakshmi-mittal-considers-leaving-uk-over-non-dom-tax-crackdown-report-12978198.html)

The Labour government's decision to abolish the non-dom tax regime is prompting Lakshmi Mittal to consider leaving the UK.
Mittal, who has lived in the UK for nearly three decades, is exploring his options and will decide within the year.
The non-dom tax regime allowed UK residents with a permanent home abroad to avoid paying British tax on foreign income.
Mittal owns high-value properties across Europe, the US, and Asia, and has been investing in Dubai's real estate market.
Critics warn that the departure of high-net-worth individuals could hurt the UK economy.

Source: News 18, Moneycontrol