Bitcoin

<ul><li>Michael Saylor, founder of MicroStrategy, settles a $40M tax fraud case with Washington, D.C.</li><li>Saylor accused of avoiding $25M in D.C. taxes by falsely claiming residency in low-tax states.</li><li>The case marks the largest income tax recovery in D.C.&#39;s history, per Attorney General Brian Schwalb.</li></ul><a href="https://cryptotale.org/?s&#61;Michael&#43;Saylor" rel="noopener noreferrer nofollow">Michael Saylor</a>, the billionaire Bitcoin investor, along with the software firm he founded, MicroStrategy, have <a href="https://www.washingtonpost.com/dc-md-va/2024/06/03/bitcoin-investor-michael-saylor-dc-tax-evasion/" rel="noopener noreferrer nofollow">agreed</a> to pay $40 million to settle allegations of income tax fraud. This settlement marks the largest income tax recovery in the history of Washington, D.C., as announced by the city’s Attorney General.The Lawsuit ResolutionThe D.C. Attorney General&#39;s office filed <a href="https://oag.dc.gov/sites/default/files/2022-08/Tributum%20v.%20Saylor%20-%20DC%20FCA%20Complaint_0.pdf" rel="noopener noreferrer nofollow">lawsuits</a> in 2021 and 2022 <a href="https://oag.dc.gov/sites/default/files/2022-08/2022-08-22%20Complaint%20in%20Intervention_0.pdf" rel="noopener noreferrer nofollow">accusing</a> Saylor of avoiding over $25 million in income taxes by falsely claiming residency in states with lower tax rates such as Virginia and Florida. Despite these serious allegations, both Saylor and <a href="https://cryptotale.org/?s&#61;MicroStrategy" rel="noopener noreferrer nofollow">MicroStrategy</a> have denied any wrongdoing as part of the settlement agreement.Related: <a href="https://cryptotale.org/microstrategy-expands-bitcoin-holdings-despite-q1-losses-of-53-1-million/" rel="noopener noreferrer nofollow">https://cryptotale.org/microstrategy-expands-bitcoin-holdings-despite-q1-losses-of-53-1-million/</a>According to the Attorney General, Brian L. Schwalb, this resolution sends a clear message that no individual, regardless of their wealth or status, is above the law. He stated, “No one in the District of Columbia, no matter how wealthy or powerful they may be, is above the law.” The resolution of this case is expected to remind all District residents that tax evasion will not go unnoticed or unpunished.<a href="https://cryptotale.org/michael-saylor-and-microstrategy-reach-40-million-settlement-in-tax-fraud-case/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Michael Saylor and MicroStrategy Reach $40 Million Settlement in Tax Fraud Case

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