Karl Racine, Washington DC Attorney General, tweeted on Wednesday, August 31st, that his office is suing Michael Saylor for evading to pay taxes on profits he achieved while living in the District. The announcement explicitly states that the accusation is tax fraud.
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Saylor Allegedly Failed to Pay Any Income Taxes on “Hundreds of Millions of Dollars He’s Earned”
Attorney General Racine announced that he is suing Michael Saylor, the founder and former CEO of MicroStrategy. According to the announcement, Saylor failed to pay any income taxes over more than a decade living in D.C.
According to Racine, this is the first lawsuit filed under DC’s recently amended False Claims Act. Saylor’s company is also getting sued “for conspiring to help him evade taxes he legally owes on hundreds of millions of dollars he’s earned while living in DC.”
The Attorney General also added that “with this lawsuit, we’re putting residents and employers on notice that if you enjoy all the benefits of living in our great city while refusing to pay your fair share in taxes, we will hold you accountable.”
NEW: Today, we’re suing Michael Saylor – a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes – for tax fraud.
— AG Karl A. Racine (@AGKarlRacine) August 31, 2022
This is a developing story. We will be updating our coverage as new details emerge.
The post Michael Saylor Paid No Taxes in 10+ Years: DC Attorney General appeared first on Tokenist.
