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The response by the overseas guys was typical:
(a) it's legal
(b) everyone's doing it
Minor details like: the schemes are shamelessly artificial tax scams; and their corporate ethics are shoddy; was not addressed by them. And, if my local newspaper report is right, nobody asked the hard question: is it ethical?
If they are so ready to cheat their host countries, we can safely assume they're cheating their customers, not to mention suppliers and employees, equally ruthlessly.
It's near universal in big corporations, as well as wealthy individuals, who employ a small army of tax lawyers and accountants to find crevices in the law to squeeze their scams through, and another army of lobbyists to persuade governments to overlook them.
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