MicroStrategy’s Saylor Sued by D.C. for Income Tax Avoidance (2)

Washington, D.C., is suing MicroStrategy Inc. co-founder and Executive Chairman Michael Saylor -- probably best known as the largest corporate buyer of Bitcoin -- for tax fraud, claiming that he skipped out on paying more than $25 million in income taxes despite living in the district for more than a decade.

According to the lawsuit, which was filed with the D.C. Superior Court’s civil division, Saylor knowingly avoided paying taxes he owed since 2005 by fraudulently claiming to be a resident of other, lower-taxes jurisdictions, including Virginia and Florida. It claims that Saylor lived in a luxury penthouse on ...