Michael Saylor Settles Tax Case for $40M in Historic Agreement

Michael Saylor and his company MicroStrategy settled a tax evasion lawsuit with the District of Columbia for $40 million. This marks the largest income tax fraud settlement in the district's history. The District alleged that Saylor had not paid income taxes for at least 10 years while residing in the district. The lawsuit alleged that MicroStrategy helped Saylor evade taxes exceeding $25 million. The settlement follows Saylor's resignation as CEO of MicroStrategy in August 2022 after the lawsuit was filed. He currently serves as executive chairman and chairman of the board of directors.