Watch: UK tax scare triggers billionaire Lakshmi Mittal’s exit

Indian-origin steel tycoon Lakshmi Mittal has reportedly left the U.K. amid growing fears of increased taxes on the ultra-wealthy. Now a tax resident of Switzerland and planning to spend more time in Dubai, Mittal joins a list of billionaires quitting Britain. With rising capital gains and inheritance taxes, concerns are mounting over the U.K.’s stability as an investment destination.