Anyone using two companies on a single service / website for tax reasons?

Anyone using two companies on a single service / website for tax reasons? I'm currently in the process of adding another payment processor under a different company name on the same website, depending on the user's location. The reason being, we would channel all EU customers to a VAT-free company that hasn't reached it's 40K EUR limit, and all US customers to another company that is already being taxed but would have...

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