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MicroStrategy CEO Michael Saylor is Accused of Evading $25M in Taxes

ByLouis Adams

Sep 2, 2022 #US
Reading time: < 1 minute

The District of Columbia (USA) has filed a lawsuit against MicroStrategy and its CEO Michael Saylor for reportedly evading taxes.

Per the statement:

‚ÄúSaylor has deliberately avoided paying the taxes he was supposed to pay the county. He fraudulently posed as a resident of jurisdictions with lower tax rates, while living in the region from 2005 to the present.”

The prosecution estimates the amount of Saylor’s debt at $25 million. According to the lawsuit, Saylor lived in Georgetown, but “disguised” himself as a resident of Florida or Virginia. To this end, he bought real estate and registered to vote in these states.

According to the document, the founder of MicroStrategy lived in Columbia for at least 183 days a year, which is enough to obtain tax resident status.