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.
Why not also put in an exit tax for individuals worth above a certain networth, that would make the moving of assets leaa desirable. You shouldn’t build wealth in and off a country’s infrastructure and systems etc and then ditch when they ask you to put some back in. When Sweden put him through school, vaccination programs, 18 years of free dental care, natal care , childcare etc. That was as a societal investment. Not purely out of altruism.