Billionaire Who Donated to Far-Left Now Leaves Country After Helping Wreck It.

[SSG Snuggle Bunny]

Lakshmi Mittal, the Indian-born steel magnate, has left Britain amid sweeping tax hikes by the country’s ruling, leftist Labour Party, to which he had donated millions of pounds in the past. Once a fixture at the top of The Sunday Times Rich List, he is now a tax resident of Switzerland and plans to spend much of his time in Dubai. At his 2008 peak, his wealth was estimated at £27.7 billion, equivalent to approximately $34 billion. Even now, with a fortune of ~£15.4 billion (~$19 billion), he would have ranked among Britain’s richest residents.

Mittal’s exit is widely linked to the abolition of the “non-dom” tax regime, which previously allowed foreign residents to pay British tax only on income earned within the country. One adviser close to the family said, “The issue was inheritance tax. Many wealthy people from overseas cannot understand why all of their assets, wherever they are in the world, should be subject to inheritance tax imposed by the UK Treasury. People in this situation feel they have little choice but to leave and are either sad or angry to be doing so.” The UK levies up to 40 percent inheritance tax, while places like Dubai impose none, and Switzerland typically does not tax inheritances for children.

https://thenationalpulse.com/2025/11/24/foreign-billionaire-who-donated-to-far-left-labour-party-now-leaves-country-after-helping-wreck-it/

[SVPete]

Looks like he finally got bit by the taxes imposed by those he funded. He fed others to the crocodile hoping not to be eaten himself.

[Texacon]

These stories irritate me.  If you believe in it, and you support it, then you need to stay there and reap what you have sown.

If you flee what you caused, you should be stripped of all the taxes you would have paid should you have stayed for a period of maybe a decade.

KC

[Ptarmigan]

You sow what you reap.