Clever? no. Clever is how you get to where we are now. The law(s) that would need to re-written are the core laws that define what a company is, how ownership,

Clever? no. Clever is how you get to where we are now. The law(s) that would need to re-written are the core laws that define what a company is, how ownership, liability and such work. These are all clever-complicated. They cross jurisdictions, and enable cascading ownership (companies, owning companies, owning trusts, etc.), each with different (incompatible) rules: tax, reporting & transparency obligations, definitions of terms like profit. They've been complicated constantly for hundreds of years, trying to encourage one things and discourage another, usually for a small picture reason. Most of the "tricks" involve using multiple types of legal "persons" registered in multiple jurisdictions with multiple ownership structures. New laws try to plug certain loopholes, open other ones, or achieve a political or policy goal. This complexity is why it's so hard to do anything with company law.