Mumbai, March 28 -- Steel magnate Lakshmi Mittal, a long-time UK resident, is considering leaving the country in response to the impending abolition of the so-called 'non-dom' tax regime, according to a Financial Times (FT) report.

Mittal, whose family fortune is estimated at £14.9 billion ( Rs.1.65 trillion), is reportedly exploring his options following the Labour government's decision to end the tax arrangement that allowed 'non-domiciled' UK residents to avoid paying taxes in the UK on their foreign income and gains.

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Mittal, who moved to the UK in 1995 and built his steel empire from the ground up, has informed associates of his potential departure, FT reporte...