IRS pursues crypto tax evaders with M.Y. Safra Bank summons
Fri, Sep 23, 2022 1:45 PM

IRS pursues crypto tax evaders with M.Y. Safra Bank summons

A Flip by Ria
Get it on Google Play
The U.S. Internal Revenue Service (IRS) has been granted the power to issue a so-called “John Doe” summons to M.Y. Safra Bank. The tax agency is seeking information on SFOX users who may have evaded taxes. In 2019, M.Y. Safra Bank partnered with SFOX and offers SFOX users access to cash-deposit bank accounts.

More great flips

Roscosmos cosmonauts to conduct first spacewalk of 2024 on April 25

Roscosmos cosmonauts to conduct first spacewalk of 2024 on April 25

Roscosmos cosmonauts Oleg Kononenko and Nikolai Chub, who are part of Expedition 71 crew, are set to embark on the first spacewalk of 2024 outside the International Space Station (ISS). Scheduled to commence at 10:55am EDT on April 25, the spacewalk is expected to last up to seven hours. According to NASA, the two cosmonauts are scheduled to exit the station through the Poisk airlock to finalize.

Open Flip
Welspun Corp shares gain 4% on winning Rs 611-crore order

Welspun Corp shares gain 4% on winning Rs 611-crore order

Shares of Welspun Corp advanced over 4 percent to Rs 586 in the morning on April 24 after the company announced that it's won a Rs 611-crore letter of award for export of line pipes. At 9:55am, the stock was trading at Rs 580, up 3.3 percent from the previous close. The Welspun Corp shares have gained a marginal 6 percent since the start of the year.

Open Flip
LG Energy Soln to license out battery patents to block tech infringement

LG Energy Soln to license out battery patents to block tech infringement

LG Energy Solution said on Wednesday it would launch a new business model of licensing out its battery technologies next month. LGES, the world's second-largest EV battery producer after China's CATL, will also consider issuing warning notices or suing those it suspects are infringing its patents, Lee Han Sun, head of LGES' intellectual property center, said in an interview.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon