Britain’s seventh richest person is looking to leave the country over the government’s crackdown on non-domiciled residents.
Lakshmi Mittal, the steel tycoon who has lived in Britain for three decades, has told colleagues that he will leave Britain over the government’s plans to end the “non-dom” tax regime, which gave some UK residents a way to avoid paying British tax on income earned abroad.
“He is exploring his options and will take a final decision over the course of this year,” a friend of Mittal told the Financial Times. “There is a good chance he will cease to be a UK tax resident.”
Mittal and his family own an estimated fortune of £14.9 billion, according to the Sunday Times Rich List last year. He
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