Keep seeing this misunderstanding of corporate taxation. Corporate taxes are paid on profits, not on income. If youâ(TM)re not profitable (and Spotify currently is not) then you pay no corporation tax. Nada, zip, zilch. It doesnâ(TM)t matter how high or low corporation tax is, it will never cause a business to fail.
In addition, people seem to have this idea that the corporate response to a raised tax rate will be to be raise prices. Economics 101: the corporation is already charging as much as they possibly can. If you tax Apple more, then Apple will make a smaller profit and will have less money for investment or to return to shareholders, but the price of an iPhone will not go up. If they could make more money by charging more for iPhones then they already would.