How is that functionally different than how tax works now?
Ownership gives you two things. It's a right to future profits, and the ability to resell that right to someone else. Company tax gives the government a percentage of the profit, and capital gains tax gives them a percentage when the shares are sold.
The only thing your proposal would do is delay when the government gets it's slice because the company doesn't have to pay a dividend right away.
Forget tax, but if I want access to the Canadian grant ecosystem they take 7%.
I want Delaware Chancery courts the U.S takes 8%
Swedish bank secrecy, 6%
And we access states more like VCs and their value add.
Obviously all numbers are made up