Spotify co-founder Martin Lorentzon has issued a stark warning to Swedish lawmakers, stating that he would relocate his tax residency out of Sweden if the government introduces a new wealth tax on high-net-worth individuals.
As reported by Bloomberg, the billionaire tech entrepreneur, whose net worth is estimated at over $11 billion, argued that taxing unrealized wealth would force founders to sell off shares in their own companies, crippling startup innovation across the Nordic region.
Election Debates & Capital Flight Concerns
Lorentzon’s comments come amid intense political debate ahead of Sweden’s…
