DC Attorney General sues Michael Saylor and MicroStrategy for tax evasion
Cointelegraph
Published Aug 31, 2022 02:37PM ET
Updated Aug 31, 2022 05:20PM ET
Karl Racine, Attorney General for the District of Columbia in the United States, has announced that his office has sued business intelligence firm MicroStrategy and its co-founder Michael Saylor for charges related to tax evasion.
In a Wednesday Twitter (NYSE:TWTR) thread, Racine announced a lawsuit against MicroStrategy and its previous CEO Michael Saylor, claiming that he “never paid any DC income taxes” and the company “conspired” to assist him in evading paying for taxes. According to the attorney general's office, Saylor owes more than $25 million in taxes for income earned during his time as a DC resident, but penalties from both the former CEO and MicroStrategy could total more than $100 million.
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Written By: Cointelegraph
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