Does it actually work like that though? You own a US domiciled company, with US revenues. You’re effectively making US sourced income or capital gains in the US

Does it actually work like that though? You own a US domiciled company, with US revenues. You’re effectively making US sourced income or capital gains in the US even if you don’t live there. Surely tax is due to the US IRS for that? If not, then easy - just make it so and your loophole is closed.