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.

Plane | Payroll and HR for startups

A complete HR and payroll stack for startups. Onboard and pay your team in one tool, from launch to IPO.

plane.com

Anybody have info if its non-crs entity?

Regards,
Delta

 

[JohnLocke]

What are they since you worry about CRS ?

 

[Forester]

Anybody have info if its non-crs entity?

??? 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.

 

[jafo]

??? 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.

#Bingo!

Hence, the reason the Dutch had to sue AMEX in US courts to get the John Doe info.

Court Authorizes Service of John Doe Summons Seeking Information About Dutch Residents Using American Express Cards Linked to Non-Dutch Bank Accounts

A federal court in Texas authorized the Internal Revenue Service (IRS) to serve a John Doe Summons on American Express Travel Related Services Company, the Justice Department announced. The IRS John Doe summons seeks information about persons residing in the Netherlands that have American...

www.justice.gov

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.