Spotify Founder Threatens to Leave Sweden if Wealth Tax Enacted
Co-founder of Spotify, Martin Lorentzon, warned that he will leave Sweden immediately if a new wealth tax is imposed, considering it would push entrepreneurs and capital out of the country. He explained that taxing wealth, especially in the form of illiquid holdings in companies, could lead individuals to sell their shares, threatening investments and innovation in important fields such as environmental and climate technology. His statements reflect the potential impact of proposed tax measures on the business environment, with warnings of a real exodus of the wealthy and increased financial and investment uncertainty in Sweden.
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