Martin Lorentzon says he'll leave Sweden if wealth tax is introduced

Martin Lorentzon — co‑founder of Spotify — told Bloomberg he would “leave immediately” if Sweden introduces an annual wealth tax. Bloomberg Billionaires Index places his net worth at more than USD 11 billion (figure checked 11 September 2026).

For freelancers and small companies who invoice Swedish clients, the immediate practical risk is administrative: clients or founders changing tax residency or corporate domicile can alter which legal entity you must invoice and which tax or VAT rules apply. That can affect payment routing, VAT treatment and which country’s withholding rules matter.

What to do now

• Confirm the legal billing entity and its registered address before issuing large invoices.
• Ask clients for written confirmation of tax residency and VAT/registration numbers and store it with the contract.
• Add a contract clause requiring prompt notice of any change in domicile or ownership that affects invoicing.
• Check with your accountant on withholding and VAT implications if a client changes country.

Keep an eye on Sweden’s election debate; headlines about individual exits can presage changes in client structures that affect how and to whom you send invoices.