working on independent contracts with L1 visa

Hi everyone… I have a confusion regarding L1 visa.

Can a person (owner) on L1 visa of company X work as independent contractor to company Y? If yes what will be tax structure for this type of work.

When on L-1, you need to work only for the employer who filed your L-1. Also, your job should be same as what was mentioned and submitted to USCIS for your L-1 petition.