Washington, D.C. Attorney General Karl Racine has revealed that the district is suing Michael Thaler and his company, MicroStrategy, for tax evasion.
NEW: Today I am suing Michael Saylor, a billionaire tech executive who has lived in our district for over a decade but has never paid DC income taxes, for tax evasion.
— AG Karl A. Racine (@AGKarlRacine) August 31, 2022
Saylor has lived in the district for over 10 years and has never paid income tax, Racine said in a statement. He went on to say that the school district is suing MicroStrategy for conspiring to help him evade taxes.
This lawsuit is the first lawsuit under the newly amended False Claims Act.
Racine said:
This lawsuit tells residents and employers that if you refuse to pay your fair share of taxes while enjoying all the benefits of living in our great city, we hold you accountable. We inform you that we will ask about
MicroStrategy holds the largest amount of Bitcoin (BTC) among publicly traded companies. Thaler is also known as a vocal supporter of the industry.
