Microstrategy Settles Tax Evasion Suit for $40M – CryptoMode

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In August 2022, the District of Columbia sued Saylor and MicroStrategy, alleging that Saylor had not paid income taxes in the district for at least ten years while residing there. According to the claims, MicroStrategy helped Saylor evade more than $25 million in DC income tax. Initially, experts suggested that Saylor could face penalties of up to $75 million.