| Mittal's 09:39 - Nov 23 with 7984 views | Boston |
...leaving the UK, claiming uncertainty about taxes, proposed fiscal policies which have them running for cover. Wonder will that have any repercussions in the boardroom? |  |
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| Mittal's on 09:40 - Nov 23 with 5104 views | Lblock |
Good old Rache and Keef |  |
| Cherish and enjoy life.... this ain't no dress rehearsal |
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| Mittal's on 10:03 - Nov 23 with 4954 views | KensalT |
It's Lakshmi Mittal who is scuttling off to Switzerland:
https://www.cityam.com/steel-mogul-lakshmi-mittal-leaves-uk-for-switzerland-and-
The reason stated is that he would be taxed on overseas income and assets if he stayed here:
"In March this year, it was reported that Mittal had told his associates that he was planning to quit as a result of the decision to end the non-dom regime, which allowed some people to avoid paying tax on foreign income and assets. "
Presumably going to Switzerland solves that problem for him.
There's no word on what Amit will do. But at the top of his Twitter feed he reposts an article about the Revolut co-founder sloping off to the UAE. Which might mean he is considering his options.
Overall though it shouldn't make any difference in the boardroom. Ruben pretty much has complete control of the club now.
https://x.com/Amit_Bhatia99 | | | |
| Mittal's on 10:11 - Nov 23 with 4904 views | CamberleyR |
I doubt it will have any repercussions as their shareholding is fairly minimal these days, something like 3%.
The bloke has an estimated $20bn fortune btw, he's hardly going to be using a food bank any day now  |  |
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| Mittal's on 10:19 - Nov 23 with 4842 views | dmm |
| Mittal's on 10:11 - Nov 23 by CamberleyR |
I doubt it will have any repercussions as their shareholding is fairly minimal these days, something like 3%.
The bloke has an estimated $20bn fortune btw, he's hardly going to be using a food bank any day now |
Last time I saw the shareholders split Mittal had 13%.
He's not one of the Patriotic Millionaires then. Rather, he's an Unpatriotic Billionaire. |  | | |
| Mittal's on 10:23 - Nov 23 with 4800 views | JamesB1979 |
| Mittal's on 10:19 - Nov 23 by dmm |
Last time I saw the shareholders split Mittal had 13%.
He's not one of the Patriotic Millionaires then. Rather, he's an Unpatriotic Billionaire. |
Patriotic to who? Isn’t he Indian | | | |
| Mittal's on 10:41 - Nov 23 with 4700 views | dmm |
| Mittal's on 10:23 - Nov 23 by JamesB1979 |
Patriotic to who? Isn’t he Indian |
I wasn't being particularly serious. | | | |
| Mittal's on 20:03 - Nov 23 with 4073 views | connell10 |
| Mittal's on 10:23 - Nov 23 by JamesB1979 |
Patriotic to who? Isn’t he Indian |
Makes his money here , fck him if he don't wanna pay his fair share. |  |
| AND WHEN I DREAM , I DREAM ABOUT YOU AND WHEN I SCREAM I SCREAM ABOUT YOU!!!!! | | Poll: | best number 10 ever? |
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| Mittal's on 20:06 - Nov 23 with 4049 views | BazzaInTheLoft |
| Mittal's on 09:40 - Nov 23 by Lblock |
Good old Rache and Keef |
Someone always....politics.......etc........dojo.......jukebox |  | | |
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| Mittal's on 20:10 - Nov 23 with 4026 views | Boston |
| Mittal's on 20:03 - Nov 23 by connell10 |
Makes his money here , fck him if he don't wanna pay his fair share. |
Actually, makes his money here, there, and everywhere. | |
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| Mittal's on 14:39 - Nov 24 with 3639 views | Phildo |
He was set on staying and has always been keen to pay his share.
One part of the non dom changes meant that nom doms resident here would pay inheritance tax here on all worldwide (not just UK) assets upon death. For Mittal that would be billions so he is leaving. Treasury were repeatedly warned this would happen. Lots of high net worth's have left as a result.
Not a political message btw as Jeremy Hunt started these changes carried on by the current government. |  | | |
| Mittal's on 15:52 - Nov 24 with 3483 views | kensalriser |
See ya. |  |
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| Mittal's on 17:35 - Nov 24 with 3270 views | stowmarketrange |
These people earn more during a night’s sleep than most normal people do in a year of working.Its called greed,and it’s one of the 7 deadly sins. |  | | |
| Mittal's on 18:07 - Nov 24 with 3181 views | TwoHalves |
| Mittal's on 20:10 - Nov 23 by Boston |
Actually, makes his money here, there, and everywhere. |
Is he the fifth Beatle? | | | |
| Mittal's on 18:27 - Nov 24 with 3114 views | LazyFan |
| Mittal's on 17:35 - Nov 24 by stowmarketrange |
These people earn more during a night’s sleep than most normal people do in a year of working.Its called greed,and it’s one of the 7 deadly sins. |
They are so greedy that they want it all, and even after that, they want to ensure no one else has it.
Think if we had a billion, had been used to having billions for years, and the country was in trouble, most people would be okay with the government getting a load of it after our death. Of course, we could pressure the government for a deal, saying it all had to go on the NHS after the first £100m or something like that.
But they don't even do campaigns like that.
They want it all, because they can.
Fat Cats! |  |
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| Mittal's on 19:05 - Nov 24 with 2974 views | Rsole |
It’s hardly an isolated incident…not that long ago the PM was benefitting from non dom benefits directly. Until it became a ‘distraction.’
What do you reckon the Sunaks have done since he lost that public role ?
If you tax people too much and they have the option of mobility, they will elect to pay their taxes somewhere else that suits them.
Norway has done the same, now most of them are somewhere else too. At least one of them is in Lucerne, having probably just negotiated his own specific deal on wealth tax and inheritance etc.
Something is worth a lot more than nothing, especially when it’s millions in tax.
Doesn’t make it right but there’s a lot of competition for it, at many levels, in many places. Throw in a passport and Bob’s your uncle.
https://www.bbc.co.uk/news/uk-politics-61045825 |  |
| Those possessed by devils, try and keep them under control a bit, can't you ?
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| Mittal's on 19:20 - Nov 24 with 2919 views | stowmarketrange |
| Mittal's on 19:05 - Nov 24 by Rsole |
It’s hardly an isolated incident…not that long ago the PM was benefitting from non dom benefits directly. Until it became a ‘distraction.’
What do you reckon the Sunaks have done since he lost that public role ?
If you tax people too much and they have the option of mobility, they will elect to pay their taxes somewhere else that suits them.
Norway has done the same, now most of them are somewhere else too. At least one of them is in Lucerne, having probably just negotiated his own specific deal on wealth tax and inheritance etc.
Something is worth a lot more than nothing, especially when it’s millions in tax.
Doesn’t make it right but there’s a lot of competition for it, at many levels, in many places. Throw in a passport and Bob’s your uncle.
https://www.bbc.co.uk/news/uk-politics-61045825 |
They can’t take their houses with them,so if they sell them somebody else will pick up the bill.And if they introduce a mansion tax someone will have to pay the tax bill. | | | |
| Mittal's on 20:43 - Nov 24 with 2703 views | Clive_Anderson |
I think forcing these sorts of people out the country will make us all a lot richer long term  | | | |
| Mittal's on 20:59 - Nov 24 with 2653 views | stowmarketrange |
| Mittal's on 20:43 - Nov 24 by Clive_Anderson |
I think forcing these sorts of people out the country will make us all a lot richer long term |
Who is forcing them?If their greed is more important to them than compassion for their fellow citizens suffering then f@ck em. | | | |
| Mittal's on 21:23 - Nov 24 with 2568 views | Rsole |
| Mittal's on 19:20 - Nov 24 by stowmarketrange |
They can’t take their houses with them,so if they sell them somebody else will pick up the bill.And if they introduce a mansion tax someone will have to pay the tax bill. |
I would imagine they own enough property to do so via a corporate entity and therefore make it easier to transfer ownership and pay less tax that way but who knows. Not to mention trusts and blind trusts, as we have seen in football.
There are so many levels of different economies these days it’s hard to know where to even start. Money laundering alone is bigger than most country's GDP these days.
One thing is for sure, if you have enough dosh then plenty of other doors open up with a lot less WD40. | |
| Those possessed by devils, try and keep them under control a bit, can't you ?
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| Mittal's on 21:26 - Nov 24 with 2546 views | Rsole |
| Mittal's on 20:59 - Nov 24 by stowmarketrange |
Who is forcing them?If their greed is more important to them than compassion for their fellow citizens suffering then f@ck em. |
Non doms typically aren’t fellow citizens. They are usually from other countries taking advantage of our policies to attract tax that could be paid somewhere else.
It’s a fairly competitive market for a billionaire’s tax bill. | |
| Those possessed by devils, try and keep them under control a bit, can't you ?
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| Mittal's on 21:27 - Nov 24 with 2540 views | stowmarketrange |
| Mittal's on 21:23 - Nov 24 by Rsole |
I would imagine they own enough property to do so via a corporate entity and therefore make it easier to transfer ownership and pay less tax that way but who knows. Not to mention trusts and blind trusts, as we have seen in football.
There are so many levels of different economies these days it’s hard to know where to even start. Money laundering alone is bigger than most country's GDP these days.
One thing is for sure, if you have enough dosh then plenty of other doors open up with a lot less WD40. |
So we just them get with raking even more wealth in while 95% of the population suffer?And hope that their crumbs will feed us all,while they keep the loaf. | | | |
| Mittal's on 21:37 - Nov 24 with 2490 views | Rsole |
| Mittal's on 21:27 - Nov 24 by stowmarketrange |
So we just them get with raking even more wealth in while 95% of the population suffer?And hope that their crumbs will feed us all,while they keep the loaf. |
Well 100% of nothing = nothing…. | |
| Those possessed by devils, try and keep them under control a bit, can't you ?
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| Mittal's on 21:37 - Nov 24 with 2487 views | stowmarketrange |
| Mittal's on 21:26 - Nov 24 by Rsole |
Non doms typically aren’t fellow citizens. They are usually from other countries taking advantage of our policies to attract tax that could be paid somewhere else.
It’s a fairly competitive market for a billionaire’s tax bill. |
There are enough multi millionaires and billionaires who are British though | | | |
| Mittal's on 21:38 - Nov 24 with 2483 views | dmm |
This thread has taken an interesting turn. I am fascinated and horrified by the uber rich and the burgeoning inequality between the haves and the have nots. For example:
CEO-to-worker pay ratio in 1965: 20-1
CEO-to-worker pay ratio in 1990: 75-1
CEO-to-worker pay ratio in 2025: 280-to-1
The 2025 Times rich list shows that in the UK, the richest 1% have more wealth than 70% of the population combined. And this inequality continues to grow.
What are we not more outraged at this? | | | |
| Mittal's on 22:13 - Nov 24 with 2335 views | JamesB1979 |
| Mittal's on 21:38 - Nov 24 by dmm |
This thread has taken an interesting turn. I am fascinated and horrified by the uber rich and the burgeoning inequality between the haves and the have nots. For example:
CEO-to-worker pay ratio in 1965: 20-1
CEO-to-worker pay ratio in 1990: 75-1
CEO-to-worker pay ratio in 2025: 280-to-1
The 2025 Times rich list shows that in the UK, the richest 1% have more wealth than 70% of the population combined. And this inequality continues to grow.
What are we not more outraged at this? |
For me what’s more important is what we spend it on. I’d love it if 1 government would look to reduce income tax for the lower rate tax payers by 5% or increase the tax allowance. It would cost a bit, maybe 20bn but I think that would really help those that need it most. [Post edited 24 Nov 22:19]
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