According to "CNBC", the Washington, D.C., Attorney General's Office announced on Monday (3rd) that MicroStrategy, a U.S. listed company that holds a large amount of Bitcoin, and its founder Michael Saylor have agreed to pay $40 million to resolve tax issues. Fraud litigation.
Attorney General Brian Schwalb said in a 2023 civil complaint that Saylor allegedly evaded more than $25 million in Washington, D.C., between 2005 and 2021 by posing as a resident of low-tax states such as Florida and Virginia. District income tax, and Saylor's actual residence is a luxury penthouse in Washington.
The Washington, D.C., attorney general charged Saylor and MicroStrategy with tax evasion, arguing that the company helped its founder conceal his residency status in Washington, D.C., thereby avoiding paying higher income taxes. MicroStrategy also allegedly failed to pay the corporate taxes required of companies employing Washington, D.C. residents, of which Saylor was just one.
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