MicroStrategy chairman Michael Saylor accused of evading $25 million in taxes by DC attorney general
Summary
D.C. Attorney General Karl Racine accused MicroStrategy co-founder and executive chairman Michael Saylor of evading $25 million in District taxes in a new lawsuit filed Wednesday. The lawsuit includes several screenshots of posts that appear to be from Saylors Facebook page dating back several years and referencing the view from his "Georgetown balcony" and discussing his "home" while tagging Washington, D.C. MicroStrategy allegedly "had detailed information confirming that Saylor was in fact a DC resident," according to a press release, but chose to withhold that information. Around 2014, the AGs office claims in the lawsuit, MicroStrategys then-CFO confronted Saylor about his alleged tax evasion being a potential liability for the company. The District suit follows a separate complaint filed by whistleblowers against Saylor in April 2021, accusing him of failing to pay income taxes from 2014 through 2020. The AGs office said it independently investigated the whistleblower case and found MicroStrategy had filed inaccurate W-2s with his Florida-based address and failing to withhold taxes allegedly owed to the District.
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