Reviews about Plane and question about CRS

[Delta]

Hi,

seems like this company plane.com is us-based but I am not sure, if that exclude CRS as they have international clients too and could be emi, which I am not sure. Its used for money withdrawal.
https://plane.com/
Anybody have info if its non-crs entity?

Regards,
Delta

Last edited by a moderator: Jan 4, 2024

 

[JohnLocke]

What are they since you worry about CRS ?

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[Forester]

Delta said:
Anybody have info if its non-crs entity?
Click to expand...

??? No US-based entity can be engaged in CRS, regardless from where are their customers ”“ as the USA did not signed for AEOI/CRS. USA exercise FATCA instead, what is de facto one way information sharing: from abroad to the USA about US subjects...
If a US entity had some independent affiliate in an AEOI country, it would be another game but Pilot Platform Inc. (d-b-a as plane.com) does not seem so.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

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[jafo]

Forester said:
??? No US-based entity can be engaged in CRS, regardless from where are their customers ”“ as the USA did not signed for AEOI/CRS. USA exercise FATCA instead, what is de facto one way information sharing: from abroad to the USA about US subjects...
If a US entity had some independent affiliate in an AEOI country, it would be another game but Pilot Platform Inc. (d-b-a as plane.com) does not seem so.
Click to expand...

#Bingo!

Hence, the reason the Dutch had to sue AMEX in US courts to get the John Doe info.
https://www.justice.gov/opa/pr/cour...eking-information-about-dutch-residents-using
PS. The legal lobby in the USA is HUGE! Why would the US hand over information instead of having foreign powers *pay* US-based lawyers in the USA to fight and obtain such info by court order? 🙄

PSS. The Dutch invested a few million to fight this case and are going to get it from their residents. It was a calculated (profitable) risk. It was parallel construction. 😉