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#Crypto: MicroStrategy CEO Michael Saylor loses case to dismiss claims that he failed to pay personal income taxes

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“Crypto: MicroStrategy CEO Michael Saylor loses case to dismiss claims that he failed to pay personal income taxes”

The District of Columbia alleges that Saylor didn’t pay income taxes over a number of years, avoiding more than $25 million in taxes to the district

Michael Saylor, the founder and CEO of MicroStrategy
MSTR,
-2.65%,
has lost his case to dismiss claims that he failed to pay personal income taxes, interest and penalties in the District of Columbia, according to a court filing on Feb. 28.

The ruling did dismiss claims that Saylor and his company conspired to violate Washington D.C’s False Claims Act, which is a federal law that holds persons and companies liable for defrauding governmental programs.

In August 2022, the District of Columbia filed a complaint through its Office of the Attorney General against Saylor and his company, alleging that he didn’t pay income taxes over a number of years, avoiding more than $25 million in taxes to the district. In October, Saylor filed a motion to dismiss the complaint.

A status conference regarding the case is scheduled for Mar. 10, and the final outcome is not presently determinable.

Anushree Dave

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