By Admin 
Laxmi mittal: Laxmi Mittal, a well-known businessman known as Steel King, has now made up his mind to leave Britain. According to a Financial Times report, the Labor Party government in Britain has decided to abolish the ‘Non-Dome’ tax regime. Due to this, Lakshmi Mittal is planning to leave the country. With this, he will become one of the wealthiest traders who also reelocked.
Will take the decision by the end of the year
According to the information given in the report, Lakshmi Mittal has been living in Britain for almost 30 years. He has told his close ones that he is planning to leave Britain with the government’s decision to abolish tax exemption for some foreign income and benefits. A friend of Mittal told the financial time, he is also considering many other options and will take a decision by the end of this year. However, it is likely that he will not remain a tax pair of UK.
Mittal is the owner of many high value properties
Last year, he was ranked seventh in the Sunday Times Rich List with an estimated assets of 14.9 billion pounds. They have many high-value properties in Asia, Europe and America. These include a mansion at Kansington Palace Garden in London and a chalet in Saint Moritz’s Swiss Resort Town. According to the report of the Financial Times quoting sources, he also has an investment in real estate in Dubai.
Resignation from CEO post in 2021
Self-maid bilinier Mittal turned his steel business to Arcelromittal with hard work and dedication, which is the second largest steel producer in the world. In 2021, he resigned from the post of CEO and submitted the command of the company to his son Aditya Mittal. While he remained in the post of Executive Chairman. The Mittal family holds 40 percent of the 24 billion pound company. If Mittal really leave Britain, the number of rich people choosing less tax countries like Dubai, Switzerland and Italy will increase further.
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