WASHINGTON (UrduPoint News / Sputnik – September 01, 2022) Billionaire technology executive Michael Saylor and his company MicroStrategy have been indicted in the District of Columbia for more than 15 years of tax evasion, the Office of the Attorney General (OAG) said in a press release.
AG (Karl) Racine today Michael J. announced tax fraud charges against Saylor, a billionaire tech executive who has lived in the District of Columbia for more than a decade but who has never paid any DC income taxes despite making hundreds of millions. of dollars,” the Wednesday release said. “In its lawsuit, the Office of the Attorney General (OAG) alleges that Saylor illegally avoided more than $25 million in D.C. taxes by pretending to be a resident of other jurisdictions with lower personal income taxes.
The suit also names MicroStrategy, a data tracking company Saylor co-founded, as a defendant on charges of conspiring to help him evade taxes, the release added.
Saylor has publicly called the Georgetown neighborhood of Washington, D.C., home since 2005, according to the release. He lives in a 7,000-square-foot penthouse on the Georgetown waterfront and has long docked at least two of his luxury yachts in the district, the release said.