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🇸🇪 Sweden /Elections & Politics

Spotify founder: ‘Then I will leave Sweden’

From Svenska Dagbladet · () Swedish

Translated from Swedish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Spotify founder Martin Lorentzon says he would move out of Sweden if a proposed billionaire tax becomes law.
  • Lorentzon says he would prefer to remain in Sweden and start new companies there, but argues the tax could drive entrepreneurs and investment away.
  • Several business leaders have recently warned during the election campaign about the effects of an additional tax on billionaires.

Spotify founder Martin Lorentzon says he will leave Sweden if the Left Party and Green Party succeed in introducing a billionaire tax.

“I would preferably remain in Sweden and start new companies here. If a billionaire tax becomes a reality, I unfortunately have to move away from here,” Lorentzon told Dagens industri in a written comment.

I would preferably remain in Sweden and start new companies here. If a billionaire tax becomes a reality, I unfortunately have to move away from here.

· Martin LorentzonThe Spotify founder explained to Dagens industri why he would leave Sweden if the proposed tax became law.

His statement followed a debate article he published in Expressen on Saturday. Lorentzon, a multibillionaire, has made clear that he dislikes wealth taxes and is now joining several prominent business figures who have entered the election campaign with warnings about a proposed additional tax on billionaires.

“Today, entrepreneurs and company builders come here because we have a unique climate for investment, creativity and expertise,” he wrote to Di. “A billionaire tax being discussed in the election campaign would lead people and investments away from here.”

Today, entrepreneurs and company builders come here because we have a unique climate for investment, creativity and expertise. A billionaire tax being discussed in the election campaign would lead people and investments away from here.

· Martin LorentzonLorentzon warned that the proposed tax could weaken Sweden’s investment environment.
About this summary

Originally published by Svenska Dagbladet in Swedish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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