With any system of taxation, it is possible to shift or re-characterize income in a manner that reduces tax. Internationally Tax treaties, Tax Havens & Transfer pricing rules come into play. In addition, there is an entire cottage industry of Tax Shelters. You can save a tremendous amount of tax, but it takes planning & preparation.
Most of the Global 500, including Apple, Google & Caterpillar elected to do something different. Why they did that when the strategy immediately above works like a charm, who knows. They aren’t talking, but they’re not stupid either.
International taxation can become a massive competitive advantage. Consider Apple. Although they are litigating right now, Apple was on the verge of bankruptcy when Steve Jobs returned in 1997. He laid off 2/3 of the staff and cut cut costs to save Apple. I don’t know if he was responsible, but that is about the time the Double Irish tax strategy was implemented. From then until 2011, 14 years later, they were continually profitable until Apple became the most valuable company in the world. They have continued profitable and most valuable company until this day. Apple became the first trillion dollar company.
However, tread lightly in the EU. EU is in deadly opposition to favorable tax treatment for anyone or any company. However, we believe the EU is not long for this world. We also believe foreign trade under the weight of the Wuhan Virus pandemic.