Civil Plaintiff

MicroStrategy and Michael Saylor to Pay $40 Million in Tax Settlement

American software company MicroStrategy and its chairman Michael Saylor have agreed to pay $40 million to settle charges from the D.C. attorney general that the company and its co-founder defrauded the district of millions in unpaid taxes.

The District of Columbia filed a lawsuit against Saylor for unpaid taxes in August 2022. It accused Saylor of failing to pay over $25 million in D.C. income taxes and said he falsely claimed to be a resident of lower-tax jurisdictions. The complaint was later amended to level the same accusations at MicroStrategy.

Read more at Decrypt

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