MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case

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MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case
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Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

The biggest and most established global event for everything crypto, blockchain and Web3.The district sued Saylor in 2022 for allegedly not paying income taxes while living in the district.MicroStrategy founder and Executive Chairman Michael Saylor

with the District of Columbia in what officials said was the biggest-ever income tax fraud recovery in the district, the attorney general's office announced on Monday., alleging the executive paid no income taxes in the district during the more than 10 years he had lived there. It also said MicroStrategy conspired to help him do so. The attorney general’s office alleged Saylor avoided paying more than $25 million in taxes to the district, saying he had claimed to live elsewhere.

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