Published 06/03/2024 9:17:00 p.m.

Billionaire Michael Saylor pays DC $40 million in city’s largest tax-evasion settlement

Michael Saylor and MicroStrategy will pay $40 million to settle a tax fraud lawsuit brought by the Washington D.C. Attorney General.
Saylor allegedly evaded over $25 million in District of Columbia income taxes by posing as a resident of lower-tax states between 2005 and 2021.
The D.C. Attorney general charged Saylor and MicroStrategy with tax evasion, accusing the company of helping Saylor disguise his D.C. Residency to avoid higher income taxes.

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Globo

MicroStrategy and Michael Saylor sign US$40 million deal to end tax fraud lawsuit.

Washington prosecutor says billionaire did not pay over US$ 25 million in income tax.

06/03/2024 7:02:38 p.m.·Brazil

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The Washington Post

Bitcoin billionaire, firm to settle D.C. tax fraud suit for $40 million

Under the agreement, Michael Saylor and MicroStrategy, the business software company he founded, deny they violated D.C. law and admit no wrongdoing.

06/03/2024 11:50:34 a.m.

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New York Post

Crypto billionaire Michael Saylor pays $40M to settle DC tax fraud case

Billionaire bitcoin bull and MicroStrategy co-founder Michael Saylor will pay $40 million to settle a lawsuit alleging he committed a massive tax fraud by falsely claiming to live elsewhere, the Washington DC district attorney’s office said Monday.

06/03/2024 3:23:29 p.m.·New York, United States

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CNBC

Bitcoin billionaire Michael Saylor settles DC tax fraud case for $40 million

The MicroStrategy founder lives in a Washington penthouse, but allegedly filed returns claiming he lived in other states in order to avoid D.C.'s income taxes.

06/03/2024 11:50:01 a.m.·United States

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Washington Top News

Billionaire Michael Saylor pays DC $40 million in city’s largest tax-evasion settlement

MIAMI, FLORIDA - APRIL 7: Michael Saylor, Chairman & CEO, MicroStrategy, speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. The worlds largest bitcoin conference runs from April 6-9, expecting over 30,000 people in attendance and over 7 million live stream viewers worldwide.(Photo by Marco Bello/Getty Images)(Getty Images/Marco Bello) MIAMI, FLORIDA - APRIL 7: Michael Saylor, Chairman…

06/03/2024 12:58:00 p.m.·Washington, United States

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Cointelegraph

MicroStrategy and Michael Saylor settle tax case for $40M

In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia.

06/03/2024 1:21:11 p.m.

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