Saylor disputes DC AG’s tax avoidance claims

Michael Saylor, the chairman of MicroStrategy, claims to be a Florida resident, meaning he owes no taxes to the District of Columbia.

On August 31, D.C. Attorney General Karl A. Racine said that his agency would sue Michael Saylor and MicroStrategy for tax fraud in an effort to collect over $100 million in unpaid taxes and penalties.

Saylor has already issued a statement saying he lives in Miami Beach, Florida and has no tax responsibility to the District.

The Twitter account @tier10k highlighted a portion of the paperwork related to the DC Attorney General’s case against Michael Saylor and MicroStrategy. It states:

Saylor boasted in an interview on January 21, 2021, that Bitcoin is a perfect tax evasion weapon, saying that Bitcoin owners should tell their government to ‘go f— yourselves’ and pretend to have misplaced their Bitcoin access key, daring the government to ‘tax that!’

The lawsuit filed against the defendants lacked this language. CryptoSlate reached out to @tier10k to discover the source but had not received a response at the time of publication.

In support of @tier10k’s tweet, however, @txorigin shared a tape of Saylor discussing transferring Bitcoin to favourable jurisdictions and claiming he lost the assets in a “boating accident.”

“You can tell everyone to go f— themselves at the end of the day. You may commit it to memory and remember the damn key… The typical Bitcoiner reaction is, “Oh, yes, I lost my Bitcoin in a boating accident.”

Saylor, according to the civil complaint, has intentionally evaded paying income taxes to the District by pretending to be a resident of other jurisdictions with lower tax rates.

Also Read: Japan Proposes Tax Deduction For Crypto Investors