DC permits the court to impose "treble damages" on Saylor if he is determined to have evaded the taxes he owes, which could end up costing him and MicroStrategy more than $100 million in taxes and penalties.
DC Attorney General sues Michael Saylor and MicroStrategy for tax evasion
DC-based Bitcoin evangelist and former CEO (now chairman) of MicroStrategy has been accused by the DC Attorney General of avoiding years of taxes by pretending to live in Florida, a state without personal income tax. The AG says he evaded more than $25 million in DC taxes this way, with the help of MicroStrategy (which is also named in the suit for helping to enable the tax evasion).
- "AG Racine Sues DC-Based Billionaire Michael Saylor & Software Company Microstrategy for Evading More Than $25 Million in District Taxes", Office of the Attorney General for the District of Columbia