The principle works in most countries and for most corporations.

I'll take Starbucks as an example.

Starbucks has several hundred coffee shops in the UK. According to their official investor brochures business is great and they would love to pay taxes in the UK.
Sadly, they have to buy their special roasted beans from a Swiss company (which is part of the Starbucks group) and that mean company charges Starbucks UK a much higher price than any other comparable bean roaster would.

Part of Starbucks UK profit gone. To Switzerland, for right now. No further information is available since the Switzerland doesn't require Starbucks Bean Roasting Company to make their numbers public.

Anyway, there's still some profit left and the British taxman would like to get his hands on that.
So, what do we do?

We open up another company, this time in the Netherlands, which will only serve as a basically tax free pass-through company.
Now the Dutch Starbucks pass-through company charges Starbucks UK a license fee, currently 6% of all the revenue of Starbucks UK.

Almost there.

There is still some profit left so we use another Dutch company to finance the whole UK operation and make Starbucks UK pay a very special interest rate, at least a couple of points above what any British bank would charge.

Oops, now we have a loss at Starbucks UK.
No taxes due in the UK. Sorry about that.

But now we have to work on that Dutch company. We'll pass all that money, with a small, really small transaction fee, right through to our Starbucks Holding on the Cayman Islands where we don't pay a fricking dime for any profit or capital gains and no income tax.

That's a proven business model of Starbucks which works in many countries like Germany, Italy, France and, of course, in the good old USA.

Do you understand now why we have to increase the taxes on people who don't have an account in the Caymans?