Squeeze the super rich? Flight of 'Lakshmi' is the risk
- Posted on November 24, 2025
- By Business News Today
- 1 Views
Squeeze the super rich? Flight of 'Lakshmi' is the risk
Billionaire Lakshmi Mittal's move from the UK to Switzerland and Dubai signals a broader European challenge in taxing the super-rich. His departure, driven by UK inheritance tax concerns, highlights the mobility of global capital and the risk of wealth migration when tax policies become perceived as punitive.
