Well, given the fact that companies regularly do something similar by having their companies generate their profits in areas with low tax rates by forcing wholl

Well, given the fact that companies regularly do something similar by having their companies generate their profits in areas with low tax rates by forcing wholly-owned subsidiaries in locations with high tax rates to pay licensing fees which basically cancel out their profits, I'd be inclined to agree. Someone else linked this farther up the page, which is the example I'm most familiar with: https://en.wikipedia.org/wiki/Double_Irish_arrangement https://en.wikipedia.org/wiki/Double_Irish_arrangement