Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Billionaire Lakshmi Mittal is moving from the UK to Dubai, citing Labour’s tax reforms targeting the wealthy.
Billionaire steel magnate Lakshmi Mittal, worth £15.4 billion, is leaving the UK for Dubai, citing the Labour government’s tax reforms targeting the wealthy, including ending non-dom status and expanding inheritance tax to global assets.
Though not primarily driven by income or capital gains tax hikes, Mittal’s decision reflects growing concern among high-net-worth individuals about the UK’s shifting tax environment.
His move follows similar relocations by other billionaires and highlights tensions over fiscal policy, economic competitiveness, and retention of top talent post-Brexit.
29 Articles
La multimillonaria Lakshmi Mittal se está mudando del Reino Unido a Dubai, citando las reformas fiscales del Partido Laborista dirigidas a los ricos.