Tax Problem: Lose

What is the name of your state? Michigan

Wrap your minds around this, as I'm eager to hear some comments:

I have a company that can absorb a 3M US tax profit. My company could be made a JV partner in a land development deal {i.e., it could be others but lets stick to land development), the profit flows to my company. If taxed at the rate of 25% (and it may be more) the initial savings is 750,000 my company can then forward the funds to a new company subject to retaining 300K US. Thus, the company would have 2.7M tax paid...in its hands. We then give the shares of the new company to my original JV partner.

pls comment.
thanks.

If you've got $3M to play with, hire a tax attorney to set up this complicated maneuver. At least you can sue for malpractice if it goes sour.