[yieldcrv]

it can, sort of. it really depends on what you are optimizing for

there are nearly infinite permutations on how to form your business entities, what combinations of jurisdictions you use

and then you can structure which one does what operations where

additionally, all the countries compete for your business so are really competing against each other

most recognize that volume of transactions within their economy to many entities is more important than their passive taxation to one governmental entity, so they incentive the former