Spotify founder Martin Lorentzon says
Photo: Janerik Henriksson/TT

Spotify founder Martin Lorentzon says he would leave Sweden if wealth tax is introduced

Spotify founder Martin Lorentzon says he would move from Sweden if the Left Party and the Green Party gain support for their proposal to introduce a wealth tax.

Advertisement

"I would prefer to stay in Sweden and start new companies here. If the wealth tax becomes a reality, I will unfortunately have to move from here," Lorentzon says to Dagens Industri in a written comment following up his debate article in Expressen on Saturday.

Several business leaders have recently entered the election campaign and warned of the consequences of an extra tax on billionaires.

"Today, entrepreneurs and business builders are coming here because we have a unique climate for investment, creativity and expertise. A wealth tax that is being discussed in the election campaign would drive people and investment away from here," writes multimillionaire Lorentzon to Di.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Tech

All