Lakshmi Mittal, one of Britain's richest men, quits UK to relocate to Dubai

Contributing sentiments towards policy:

58% : There have been talks of further levies in her second budget as Chancellor next week, including a possible 20 per cent exit tax on those leaving the UK.
54% : The Sunday Times, quoting sources familiar with Mittal's plan, said the billionaire, a resident in Switzerland for tax purposes, will now spend much of his future in Dubai, where he already has a mansion and has now bought up "tracts of an intriguing development on the nearby Naïa Island".
50% : In her first Budget tabled last year after Labour's general election win, there were increases to capital gains tax, a reduction of the tax relief for entrepreneurs selling their ventures and new taxes on the way family companies are passed down to future generations.
46% : The news of Mittal's exit comes ahead of expected tax rises on the wealthy as Chancellor Rachel Reeves tries to address a GBP20 billion (US$26.2 billion) hole in the UK's finances, Indian news agency PTI added.
46% : " Death duties are levied at up to 40 per cent in the UK, but there is no inheritance tax in Dubai and in Switzerland.
44% : issue was inheritance tax.
43% : 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.
42% : However, an adviser familiar with the Mittals' move was quoted by The Sunday Times as saying: "It wasn't the tax on income (or capital gains) that was the issue.
32% : Herman Narula and Nik Storonsky, co-founders of tech companies Improbable and Revolut, have also raised concerns about UK tax changes, and moved to Dubai.

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