Tax Reforms Prompt Billionaire Mittal to Consider UAE Move

Steel billionaire Lakshmi Mittal is set to leave the UK, as a direct result of a government crackdown on non-domiciled residents, in favour of more tax-friendly destinations such as the United Arab Emirates, Italy and Switzerland, the FT has reported. The businessman, a former Blair-era Labour donor and Sunday Times Rich List number seven, is set to leave the UK after nearly 30 years. The Indian entrepreneur owns a number of properties in the UK, including a mansion in Kensington Palace Gardens which he bought from Bernie Eccleston in 2004 for…