Spotify Technology SA co-founder Martin Lorentzon said he would leave Sweden immediately if the country introduces new wealth taxes.
Lorentzon urged politicians to consider higher taxes on capital or dividends instead of a wealth tax, saying it would be “directly counterproductive”.
Lorentzon said the discussions about new taxes have already created uncertainty, with entrepreneurs asking if it is still OK to start a company in Sweden.
If I remember correctly, Spotify has a revenue model that benefits bigger acts while said pay per stream. It makes sense when Spotify sees music as nothing but content to be consumed.