09-May-2025
Corporate News
 
Steel tycoon Lakshmi Mittal looks to leave UK over govt's non-dom crackdown
28-Mar-2025

Billionaire steel magnate Lakshmi Mittal is preparing to leave the United Kingdom after nearly three decades. This follows the UK government’s decision to abolish its non-domiciled (non-dom) tax status, according to a report by The Financial Times. The Indian-born industrialist, who built ArcelorMittal into the world’s second-largest steel producer, is likely to give up his UK tax residency before the new rules take effect in April 2025.

News Source:- https://www.business-standard.com/world-news/steel-tycoon-lakshmi-mittal-leaving-uk-non-dom-tax-regime-change-125032800332_1.html
 
 
 

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