Wealthy Indians

Fuatilia

Lakshmi Mittal to leave UK for Dubai over tax changes

Billionaire Lakshmi Mittal, chairman of ArcelorMittal, is planning to relocate from the UK to Dubai amid rising taxes and policy uncertainty under the Labour government. This move follows recent reforms including hikes in inheritance and capital gains taxes. Other wealthy British Indians, such as tech entrepreneur Herman Narula, are also heading to the UAE.

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