MicroStrategy Founder Settles $40M DC Tax Fraud Case
TL;DR Summary
Michael J. Saylor and MicroStrategy, Inc. will pay $40 million to settle a tax fraud lawsuit by the DC Attorney General's Office, marking the largest income tax fraud recovery in DC history. The lawsuit alleged Saylor evaded over $25 million in taxes by falsely claiming residency in lower-tax states while living in DC. The case was the first under updated DC False Claims Act provisions allowing for greater tax fraud enforcement.
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