DC sues tech billionaire Saylor for allegedly avoiding $25M in taxes

The suit was file Wednesday by D.C. Attorney General Karl Racine.
Michael Saylor

The District of Columbia has filed a lawsuit alleging MicroStrategy co-founder and Executive Chairman Michael Saylor has evading $25 million in district taxes. 

The suit was file Wednesday by D.C. Attorney General Karl Racine.

Saylor says during the tax period in question he lived in Florida and Virginia – which, respectively, have no and low personal income tax.

Racine says Saylor in fact lived in several different homes across D.C. including a penthouse apartment in the Georgetown neighborhood, according to lawsuit.

The suit also names as a defendant MicroStrategy, which Racine alleges conspired to help Saylor evade the taxes, according to CNBC.

The total amount sought by the attorney general's office including penalties is $100 million.

Saylor says in a statement: "Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life. I respectfully disagree with the position of the District of Columbia."

In a statement, MicroStrategy says: "The case is a personal tax matter involving Mr. Saylor. The company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities. Nor did the Company conspire with Mr. Saylor in the discharge of his personal tax responsibilities. The District of Columbia’s claims against the Company are false," CNBC also reports.