Tax fraud: DC settles Bitcoin billionaire Michael Saylor case for $40 million
Publishing timestamp: 2024-06-03 10:39:28
Summary
Billionaire bitcoin investor Michael Saylor and his company MicroStrategy agreed to pay $40 million to settle a tax fraud lawsuit filed by the Washington, D.C., Attorney General. The lawsuit alleges that Saylor evaded over $25 million in D.C. income taxes by claiming residency in lower-tax states. Saylor denied the allegations and claimed he lives in Florida. The case was brought under the False Claims Act and was sparked by a whistleblower lawsuit.
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Keywords: government taxation and revenue, business, technology, bitcoin, microstrategy inc, tax evasion, breaking news: politics, breaking news: technology, business news, lawsuits, washington, politics,