He responded by claiming that it is difficult to attract venture capital to his ideas in Sweden, as well as pointing to the taxes he and his company pays in Sweden.Īs a result, in 2014 Lorentzon was named International Swede of the Year and in 2015 got an award Affärsbragden (The Business Achievement) from the newspaper Svenska Dagbladet. According to media reports, Martin owes the Swedish tax office 6 million euro for 2007–2010, during which he filed a zero-income declaration. Spotify was also re-registered by that time in Luxembourg, where income tax is low. In 2006 he paid 1.4 million euro as taxes. In 2005, he re-registered TradeDoubler on Cyprus and thereby reduced the tax payment by $9 million. Situated in Offshore financial centres: Rosello is registered on Cyprus, Amaltea is in Luxembourg. Lorentzon's companies that are affiliated with Spotify and Telia are In April 2013, media debated Lorentzon's relationship with Swedish tax office. In 2016 he was elected as a member of Royal Swedish Academy of Engineering Sciences under the Department of Education and Research, which promotes contact and exchange between business, research, and government. In 2013 he joined Prince Daniel's Fellowship project and now visits upper secondary schools, universities and university colleges around Sweden to inspire young people to get involved in entrepreneurship.
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