MicroStrategy Founder Michael Saylor Loses Court Bid to Dismiss DC Tax Evasion Claims
The court did dismiss claims against the company and Saylor that they conspired to violate Washington, D.C.’s False Claims Act.
Mar 2, 2023 at 2:36 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PY3BCOJWYVD43HPAUCHK4CRV3Q.jpg)
MicroStrategy Executive Director Michael Saylor (CoinDesk)
MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor has lost a bid to dismiss claims that he failed to pay personal income taxes, interest and penalties due for Washington, D.C., according to a ruling on Feb. 28.
The court did, however, dismiss claims against Saylor and the company that they had conspired to violate Washington, D.C.’s False Claims Act.
A status conference in the tax evasion case against Saylor is scheduled to be held on March 10.
The District of Columbia sued Saylor and his company in August, alleging Saylor never paid any income taxes in the district in the more than 10 years he had lived there, and that MicroStrategy had conspired to help him do so.
The attorney general’s office claimed Saylor avoided more than $25 million in taxes to the district, and is seeking back taxes, damages, civil penalties, expenses and fees.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/97f8c8cb-1c52-468c-88f4-8822b84a4203.png)
Nelson Wang was CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.