"There are huge ramifications for moving your operations into a place where U.S. laws do not apply and the U.S. legal system does not operate."
These corporate guys are thinking they will get something for nothing.
Just ask Aramco and some other oil companies what happened to them in the 70's. They drilled wells and built refineries in Saudi Arabia using their US profits. Then the Saudis "nationalized" those plants and took the equipment.
Do these internet "geniuses" think they will escape the same treatment? Duh.
Think about this for a second... when you have physical plants and equipment in a foreign country, it's vulnerable to this kind of confiscation. How is Google vulnerable in this way and what is India going to "nationalize" that belongs to Google?
This analogy is nonsense.