Martin Lorentzon says a Swedish wealth tax would send him abroad. The Spotify co-founder, worth more than $11 billion, backs higher taxes on capital or dividends instead. His gripe is simple. Founders may need to sell company shares just to cover the bill, which he says could cut investment and tax revenue.
Sweden’s Left Party wants a billionaire tax, while the Green Party favors its own levy for the richest. Both sit with the Social Democrats in the opposition camp. Novus had that bloc ahead by 2.4 points, while Ipsos showed a 7.8-point lead over Ulf Kristersson’s government and its Sweden Democrats support.
Lorentzon has already turned a large chunk of Spotify stock into cash. Two sales totaled $665.9 million, pushing his recent cash-outs above $1.2 billion. One deal used Rosello Company Ltd, held by Almatea. Elsewhere at Spotify, Daniel Ek moved to executive chairman, while Gustav Söderström and Alex Norström took the co-CEO jobs.
Sweden’s Left Party wants a billionaire tax, while the Green Party favors its own levy for the richest. Both sit with the Social Democrats in the opposition camp. Novus had that bloc ahead by 2.4 points, while Ipsos showed a 7.8-point lead over Ulf Kristersson’s government and its Sweden Democrats support.
Lorentzon has already turned a large chunk of Spotify stock into cash. Two sales totaled $665.9 million, pushing his recent cash-outs above $1.2 billion. One deal used Rosello Company Ltd, held by Almatea. Elsewhere at Spotify, Daniel Ek moved to executive chairman, while Gustav Söderström and Alex Norström took the co-CEO jobs.
